Moderator: TenantNet
by Jeffnet » Sat Apr 22, 2017 11:06 am
by TenantNet » Sat Apr 22, 2017 11:32 am
by Jeffnet » Sat Apr 22, 2017 11:48 am
by TenantNet » Sat Apr 22, 2017 12:59 pm
by Jeffnet » Sat Apr 22, 2017 1:40 pm
by TenantNet » Sat Apr 22, 2017 2:54 pm
by Jeffnet » Mon Apr 24, 2017 2:31 pm
by TenantNet » Mon Apr 24, 2017 3:51 pm
I just spoke to the LL. They told me that the 0% and 2% increase only applies to the higher "Legal Rent" and not "Preferential Rent."
by Jeffnet » Tue Apr 25, 2017 2:48 pm
by TenantNet » Tue Apr 25, 2017 3:09 pm
by BubbaJoe123 » Wed Apr 26, 2017 12:54 pm
When a tenant signs a renewal lease, the legal regulated rent adjustment for the renewal lease will only be the adjusment for a one or two-year lease cited in the chart below. However, if the owner is collecting a preferential rent and continues to offer it upon renewal, the owner can increase it by the New York City Rent Guidelines Board adjustment or any amount that does not bring the preferential rent above the newly
increased legal regulated rent.
by TenantNet » Wed Apr 26, 2017 1:36 pm
by Jeffnet » Wed Apr 26, 2017 2:21 pm
BubbaJoe123 wrote:I heard back from DHCR on this topic, and they referred me to Fact Sheet 26 (Guide to Rent Increases for Rent Stabilized Apartments in New York City). Section 2a states:When a tenant signs a renewal lease, the legal regulated rent adjustment for the renewal lease will only be the adjusment for a one or two-year lease cited in the chart below. However, if the owner is collecting a preferential rent and continues to offer it upon renewal, the owner can increase it by the New York City Rent Guidelines Board adjustment or any amount that does not bring the preferential rent above the newly
increased legal regulated rent.
http://www.nyshcr.org/Rent/FactSheets/orafac26.pdf
by BubbaJoe123 » Tue May 02, 2017 11:07 am
by Sky » Fri May 19, 2017 5:53 pm
I heard back from DHCR on this topic, and they referred me to Fact Sheet 26 (Guide to Rent Increases for Rent Stabilized Apartments in New York City). Section 2a states:
When a tenant signs a renewal lease, the legal regulated rent adjustment for the renewal lease will only be the adjusment for a one or two-year lease cited in the chart below. However, if the owner is collecting a preferential rent and continues to offer it upon renewal, the owner can increase it by the New York City Rent Guidelines Board adjustment or any amount that does not bring the preferential rent above the newly
increased legal regulated rent.
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