What is the maximum increase that a landlord can get on a non stabilized apartment in New York?

05/04/2009 - Landlord Tenant - State: NY #16545

Full Question:

What is the maximum increase (%) that a landlord can get on a non stabilized apartment, one year lease, in New York City . Do they have to provide more than a one year lease if asked?

Answer:

If the city regulations don't apply, the NY state statutes don't limit rent increases. In a non-regulated lease, the amount of rent and duration is typically a matter of contractual negotiation between the parties. It would be up to the landlord to agree to a term longer than a year in such a case.

Please see the information at the following links:

http://www.dhcr.state.ny.us/ora/pubs/html/orafac1.htm
http://www.dhcr.state.ny.us/ora/pubs/infornt0.htm
http://tenant.net/Rent_Laws/RSL/rsltoc.html

05/04/2009 - Category: Landlord Tenant - State: NY #16545

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