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Old 05-28-2015, 08:41 AM
 
103 posts, read 162,311 times
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Lease ends August 1st.

When will I know how much my rent is going up?
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Old 05-28-2015, 09:01 AM
 
43,659 posts, read 44,393,687 times
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If it is rent stabilized apt. you will get the renewal option between 90-180 days beforehand, I believe.
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Old 05-28-2015, 09:15 AM
 
1,421 posts, read 1,943,224 times
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Quote:
Originally Posted by acceptyourself View Post
Lease ends August 1st.

When will I know how much my rent is going up?
Somtimes it's already stated in the current lease.
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Old 05-28-2015, 12:42 PM
 
197 posts, read 517,587 times
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You are better off asking your landlord than a bunch of strangers on the internets
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Old 05-28-2015, 08:23 PM
 
3,960 posts, read 3,598,114 times
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Quote:
Originally Posted by acceptyourself View Post
Lease ends August 1st.

When will I know how much my rent is going up?
Why do you say "how much"?
Why do you assume your rent is going up?
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Old 05-28-2015, 08:48 PM
 
Location: Manhattan
2,498 posts, read 3,774,156 times
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60 days is usually the normal.
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Old 05-29-2015, 09:49 AM
 
103 posts, read 162,311 times
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Quote:
Originally Posted by Shoshanarose View Post
Why do you say "how much"?
Why do you assume your rent is going up?
why wouldnt it?
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Old 05-29-2015, 07:28 PM
 
3,960 posts, read 3,598,114 times
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Quote:
Originally Posted by acceptyourself View Post
why wouldnt it?
Why WOULD your rent automatically go up every year?

Has the landlord done improvements on the apartment to make it worth more?
What makes the apartment worth a higher rent in just one year?
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Old 05-29-2015, 08:04 PM
 
Location: Brooklyn New York
18,470 posts, read 31,638,910 times
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Quote:
Originally Posted by Shoshanarose View Post
Why WOULD your rent automatically go up every year?

Has the landlord done improvements on the apartment to make it worth more?
What makes the apartment worth a higher rent in just one year?

because thats the way it works here. Landlording isnt for charity, its a business. LL doesnt have to do improvements every year.

rent goes up every year.
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Old 05-29-2015, 08:13 PM
 
12,340 posts, read 26,132,425 times
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Quote:
Originally Posted by nightcrawler View Post
because thats the way it works here. Landlording isnt for charity, its a business. LL doesnt have to do improvements every year.

rent goes up every year.
Another thing to remember is that many things that would affect the LL DO go up every year, like real estate taxes, heating oil, etc. And labor costs are always going up, so if the LL hires contractors or snow removal people, etc. then he/she will have to pay more every year to employ staff.

Also I know from stuff my coop has had to do that there are new things sometimes that the building (or LL) has to do to be in compliance with newly created NYC laws, like environmental laws.

I don't own a building but I can just imagine there are certain maintenance items that have to be constantly done in order to keep the building running and in good condition -- like roof repair, elevator maintenance, graffiti removal, brick pointing, security systems, gutters, etc. I am sure there are tons of things I don't even know about...and don't want to know.
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