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How much should I expect my rent to go up once my current lease expires?
Well, if you live in a rent stabilized apartment, the rent raises will be limited by the rent stabilization guidelines. If
you do not live in a rent stabilized apartment and you have been a good tenant (paid your rent on time and not
disrupted any of the other tenants), you should generally expect a 3-5% rent raise. Landlords want to keep their
good tenants and will usually offer reasonable terms to keep them as a renters. After all, an existing renter has
established a track record with the building owner.
Just like the initial rent price, the montly rent for a lease renewal is always negotiable!
Well, if you live in a rent stabilized apartment, the rent raises will be limited by the rent stabilization guidelines. If
you do not live in a rent stabilized apartment and you have been a good tenant (paid your rent on time and not
disrupted any of the other tenants), you should generally expect a 3-5% rent raise. Landlords want to keep their
good tenants and will usually offer reasonable terms to keep them as a renters. After all, an existing renter has
established a track record with the building owner.
Just like the initial rent price, the montly rent for a lease renewal is always negotiable!
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Your #1 Source For New York City No Fee Rental Apartments
Your #1 Source For New York City No Fee Rental Apartments
