Landlord Loopholes: Issues To Consider When Renting An Apartment
- By
Blair Bedford
Rent stabilization
Some apartments are offered at a rent-stabilized rate. These apartments do not go up in price as high as those priced at market-value. While many apartment complexes and individual apartments in changing neighborhoods could go up in rent by hundreds of dollars, these apartments are not required to do so. In New York City, apartments that are not rent stabilized and are owned by an independent landlord are subject to a raise in rent that is up to the landlord and tenant’s discretion and negotiation.
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