need cash for The National

[barrysloate]

That is one of the differences. Also, the rent stabilization board meets once a year, in June, to set the new increases for one and two year leases. When you see clips of landlords and tenants screaming at each other, those are owners and tenants in stabilized buildings. I don't believe rent controlled apartments ever have increases.

[calvindog]

That's true.

Also, it's amazing the concept of rent control...it's like in just a few cities in America.

[Wite3]

Sorry Leon about the address but it was found by using the white pages...

[slidekellyslide]

Originally Posted by calvindog

That's true.

Also, it's amazing the concept of rent control...it's like in just a few cities in America.

So I'm guessing that landlords of rent controlled apartments also get a break in their property taxes?

[brickyardkennedy]

In NYC, landlords of rent-controlled apartments are entitled to 7&1/2 % increases, every year. However, before being granted that raise, they must pay a filing fee for each rent-controlled apartment AND certify that their buildings are free of violations. That's why many rent controlled tenants never see their rents go up, as some landlords don't see it as worth their while.

[calvindog]

Originally Posted by slidekellyslide

So I'm guessing that landlords of rent controlled apartments also get a break in their property taxes?

I suppose but the landlords in NYC are insanely crazy about rent control laws because obviously it makes it impossible for them to maximize their rents. Which is why so many landlords torture their rent controlled tenants in an effort to get them to move out.

[slidekellyslide]

Originally Posted by calvindog

I suppose but the landlords in NYC are insanely crazy about rent control laws because obviously it makes it impossible for them to maximize their rents. Which is why so many landlords torture their rent controlled tenants in an effort to get them to move out.

That would have made for a good Seinfeld episode.

[barrysloate]

We have a terrific landlady who is good to us despite the fact we pay hardly any rent for a three bedroom apartment in a very desirable neighborhood. We have the heat at something like 74 degrees all winter long and she is fine with it. Sometimes she brings us spaghetti sauce when she stops by. We may be the luckiest rent stabilized tenants in Brooklyn.

[Peter_Spaeth]

Sounds to me like a system that perhaps was well-intentioned at the outset but has created all sorts of perverse situations and is in need of serious reform.