QUESTION

Rent increase in a buidling

Asked on Nov 17th, 2016 on Real Estate - New York
More details to this question:
I currently pay $1,060 and my landlord is increasing my rent starting Dec 1st (new lease term) to $1,995.55. Is this even legal?
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2 ANSWERS

Estate Planning Attorney serving New York, NY
1 Award
It depends on your lease and whether there is any rent control or stabilization.
Answered on Nov 19th, 2016 at 9:12 AM

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Landlord and Tenant Law Attorney serving New York, NY
If your tenancy is not regulated, the landlord may increase the rent without limitation. If your tenancy is rent regulated, there are very strict guidelines in effect as to how much your rent can be increased,
Answered on Nov 18th, 2016 at 8:41 AM

This response is for general informational purposes only. An attorney-client relationship is not being formed.

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