Rent Increase Concern
Hi all,
just moved to the neighborhood about to sign a lease for an apartment on Underhill @ Sterling. I know the rent has been increased the past 5 years by a $100, and will happen again when I sign the lease. For those of you who have been living in the neighborhood, is this normal or unreasonable?
Thanks
just moved to the neighborhood about to sign a lease for an apartment on Underhill @ Sterling. I know the rent has been increased the past 5 years by a $100, and will happen again when I sign the lease. For those of you who have been living in the neighborhood, is this normal or unreasonable?
Thanks
Comments
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What will the rent be and what size is the apartment?
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Yes, it is normal.
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Alright, thanks a lot for the response.
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Is it a rent stabilized building? If so, the rent and how much it can be raised is determined by the NYS DHCR (dept housing and community renewal). You can call them at 718-739-6400 or 212-961-8930. Generally apartment buildings with six or more units are stabilized, I think.
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