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The letter, written by Attorney Jacob Love, stated that renter-tenants had been asked in late December to pay about 40% more in the new year, bringing their monthly payments from under $1,000 to ...
In other cases, negotiating a rent increase may require more preparation. Mueller recommends asking to meet with your landlord to discuss. Here are a few strategic areas to focus on during a rent ...
Shreve, Nichols, and other building residents formed a union and sent a letter to their building’s management asking that future rent increases be capped at no more than 3%.
Through its Office of Rent Administration (ORA), DHCR is responsible for administering and enforcing rent stabilization and rent control laws in New York City and other jurisdictions statewide. This includes reviewing and approving rent increases, handling tenant complaints, investigating violations, ordering corrections, and imposing penalties ...
Rent control limits the price a landlord can charge a tenant for rent and also regulates the services the landlord must provide. Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases.
Free rent may also be known as rent abatement, a specific use of a term that may also be used more generically. Inducements can also be provided in the form of compensation for tenant improvements, which takes the form of either direct payments that the tenant can use to improve the rental unit, or similar renovations carried out by the landlord.
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