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So you're saying that advertising a unit as "net effective" is deceptive? HOW would a prospective tenant find out what's the real/legal rent being that they don't have access to rent rolls?
I don't follow what your saying. If a tenant doesn't have access to the rent roll to see the true rent ('lay listing don't state it), wouldn't that be deceptive?
It's 2820 but that the "net effective" rate after two months free for the first year. Meaning that your rent VIP will be for a different much higher amount. After the first year with those free months, the rent bill will be at that higher mount indefinitely. You will never write a check for 2820.
You don't think that's deceptive for non savvy renters?
I don't follow what your saying. If a tenant doesn't have access to the rent roll to see the true rent ('lay listing don't state it), wouldn't that be deceptive?
It's 2820 but that the "net effective" rate after two months free for the first year. Meaning that your rent VIP will be for a different much higher amount. After the first year with those free months, the rent bill will be at that higher mount indefinitely. You will never write a check for 2820.
You don't think that's deceptive for non savvy renters?
Most NYC landlords are scumbags.
I agree it's deceptive but how would I know the true legal rent from the get-go?
I just went through the contract again and notice there is a 'Rent Stabilization Lease Rider' attached. It states "This Rider, with this Notice, must be attached to all vacancy and renewal leases for rent stabilized apartments.'
They would surely not have attached this to the main contract unless required to do so. But I'm surprised, since the building is very new.
Wondering if it IS indeed rent-stabilized and they opted for that designation because it gave them some tax advantage or something when constructing?...
Just because its a new building doesn't mean its not RS. The building may of had some type of tax abatement which is turn forces the LL to make the building RS. Which explains the RS rider and the whole RS preferential rent/legal rent. Either way, even if it is RS, you were paying a discounted preferential rent (lower than what the LL is legally able to charge). So the new rent increase is legal indeed because it falls within the legal regulated rent.
After the tenants move out in horror, the landlord gets a 20% vacancy increase. It pays to have people moving in and out! So get them in with a low rent and insure (pretty much) that they stay only a year. What a racket!
The REAL racket is the whole Rent Stabilization system. Now thats a REAl racket all politically motivated to keep the Dems in power by pandering to that RS voter block.
The REAL racket is the whole Rent Stabilization system. Now thats a REAl racket all politically motivated to keep the Dems in power by pandering to that RS voter block.
Geez do you guys for any and every opportunity make things political?
Yes, everything bad is the dems fault and trump will fix the world, happy?
OP,
Write to DHCR and find out what the REAL stabilized rent maximum is (yes, your apartment is rent stabilized.) It may be HALF of what you are being charged.
Don't take a landlord's word for this: he is probably lying, lying is in their genes.
Our landlord has given us notice he'll be increasing rent by 12% come the end of July. Is that legal?
A few facts:
- the building is only about 2-3 years old (so I assume it cannot be rent-stabilized?)
- current rent $2,050, new proposed rent: $2,300 (12% increase).
- our current rent of $2,050 was a preferential rent. The legal rent (according to our contract) which they could have charged, but didn't was always actually $2,500. (Even this has increased recently too and is now apparently $2,800)
Do we have to grin and bear it ...
or is this proposed increase illegal in any way?
From what you are describing, yes, your apartment is rent stabilized. New buildings can be rent stabilized under 421-a.
I was in the same position as you last year, looked into it, and found out that my lease was written incorrectly. The first lease I signed did not differentiate between preferential rent and legal rent, so even though my 4 consecutive leases did make the distinction, the rent stated on my first lease became the legal rent. I ended up getting my rent lowered by about $200 and got a nice check in what they were overcharging me for a few years.
The increase this year is 0% and the increase last year was 0%.
You should review the DHCR fact sheets - Fact Sheets
and you should request your apartment rent history.
If you find out that the rent increase your landlord is proposing is illegal, my best advice would be to make sure you know your facts very well. It makes the confrontation with your landlord go much smoother.
Also something to note is that your landlord needs to give you 90 days notice before a rent increase. And if he gives it to you late, the increase does not have to go into effect until 90 days after you received the notice.
Hope this helps. I know a lot on this topic, so feel free to ask any follow up questions.
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