rate increase
my lease will expire june 30th. my owner has already sent me a new lease in which the rent is 10% higher than current rent. in previous years increses were only 3-4%. is there anything i can do to avoid this increase (except looking for an another apartment)?
the apartment is located in manhattan and not subject to rent control.
thank you for your assistance.
Asked on 4/23/06, 1:01 pm
1 Answer from Attorneys
Andrew Nitzberg
Andrew Nitzberg & Associates
Re: rate increase
The 4% p[ast increases suggests the possibility fo 'rent stabilization'. Perhaps this is in effect.
There are no other alternatives in this situation.
Answered on 4/24/06, 1:18 pm
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