Wednesday, April 1, 2015

if a new company buys the rent stabilized building i live in in manhattan can they raise my rent more then the stabilization rate when my le...

Question

if a new company buys the rent stabilized building i live in in manhattan can they raise my rent more then the stabilization rate when my lease is up



Answer

Not legally.



Answer

It depends. Is your present lease rent-stabilized? Is the rent more, or less, than $2000 per month (over $2000 and the apartment becomes de-stabilized).



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