NY: My rent goes up every year- Please help

[yar]

I live in a studio apartment in downtown Manhattan. My rent was $950 when I moved in (7 years ago.) The second year it went up to $1000, then after that it's been going up $100 every year (now my rent is $1400.) My apartment is not rent-controlled so I'm aware that my rent can go up any time, however... I'm wondering if there is any law/regulation that prevents landlords to overcharge rent... like, for example, landlord can only increase certain % of the rent every year. I've heard this from someone I know. I'm just afraid that my rent goes up again when I re-sign my lease next month. My room doesn't worth $1500, especially after 9/11. I don't know where to find help... hopefully someone can help..

Thanks in advance.

Desparetely,
yar

 

[FarmerJ]

If your not in a rent controlled unit I doubt there is much you can do except to not renew and look for someplace else to live Or you could call your city hall and ask them where you can find information about non rent controlled rental units and rent increases

 

[macckkk]

Yar yar yar......

Unless you are rent stabilized,such as an older building built before 1974 and the building has 6 or more apartments, then you are screwed.

Ps rent control ONLY is for people who have lived in their apartment since June 1971.......yup you heard that right june 1971!

When they vacate it becomes stabilized, and most any new constructon after 1975 is free market rents, unless they got tax abatements then it stays stabilzed.

 

[yar]

Thank you for responding...

Thank you guys...
I guess I have no choice but moving out...
I will try to call City hall.

Thanks again,
Yar

 

[macckkk]

how many apartments in your building? and is it an old building?