What is the maximum increase that a landlord can get on a non stabilized apartment in New York?
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?
05/04/2009 |
Category: Landlord Tenant |
State: New York |
#16545
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.