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Stuyvesant Town residents are upset over a judge's ruling that allows rents on hundreds of apartments to skyrocket.
Many Stuy Town tenants are getting hit with big rent increases in the middle of their leases, the Daily News has learned.
Shell-shocked tenants will have to pay as much as $1,100 more per month — with as little as two weeks notice.
“I’m horrified,” said Kristen Farver, 38, who was among about 1,290 tenants who had rent increase notices slipped under their doors Tuesday.
Moderator cut: Copyright issue: a snip and link to the article is appropriate, not reproduction of an article from a newspaper.
Why your rent may go
up. Approximately 90% of the
Roberts apartments – the 4,311 apartments covered by this case – may see some
form of rent increase from where they are today. The reason for this is
that rents were rolled back after the case was won as part of the "interim
agreement" on rents, but the new rents established by this settlement are higher
than those interim rents.
Sounds like it's not really a rent hike since the rents they were all paying were substantially below their original lease rents.Even with this final upward adjustment the rents are still below what they were in 2007 when this all began.They just didn't get as big of a decrease as they wanted.Poor things.Welcome to the real world.
Correct me if I'm wrong but these tenants did know this matter was going to be solved and eventually their rents would go up, right? You would think if you knew this you would have saving for when the time came.
Correct me if I'm wrong but these tenants did know this matter was going to be solved and eventually their rents would go up, right? You would think if you knew this you would have saving for when the time came.
Exactly.And again,their rents will still be less than the rents that they originally agreed to pay anyway.So they should be able to afford it without much problem.The are all just pissed because the "interim agreement" didn't turn out to be the final agreement.But they still won.
And the landlords have agreed to not try to apply/collect the final rents retroactively to 2007,so the tenants have had a 6 year hiatus from paying the real rents.
Correct me if I'm wrong but these tenants did know this matter was going to be solved and eventually their rents would go up, right? You would think if you knew this you would have saving for when the time came.
yes, I was thinking the same thing. But are they RS or not? if so, they cant be raised that much?, correct?
on a side note, they installed the ugliest looking windows.....
What I don't understand is how this could happen in the middle of a lease, with so little notice. It seems unconscionable.
Not sure what you mean by "so little notice". This suit has been going on for years and all of the tenants have known for months that their rents were likely going up on final agreement.This is no surprise to anyone who has been involved.
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