Hello to all lawyers, i got a new lease renewal which is increased in 400 dollars more. it is not rent stabilized apartment bulding (i found on my lease) im renting from landlord , build in 1927, 65 units . please advice me what to do, i have a little child and pay 1850 a can not in future its too much.
In a free market economy, one can charge as much for goods/services as they desire. Your option is not to accept it and find another, less expensive place to live.
Unfortunately, fairness isn't relevant.
Best of luck.
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Why isn't your building Rent Stabilized? Fits the bill, even though built before 1947, the apartments were once Rent Controlled, and then Rent Stabilized after 1974.
Why isn't your apartment Rent Stabilized? You do have a copy of the Rent History?
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Unfortunately, fair has nothing to do with it. If your apartment is not rent controlled or rent stabilized the landlord can charge whatever he feels he can get. You should look into whether your apartment is rent stabilized.
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