I live in a tfc cornerstone apartment which i got on a covid deal a few years ago. My lease ends next march. Is there a max rent increase they can apply? I heard 5% but wasn’t sure

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They will probably go back to the original price before the covid deal + adjustment

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If it’s not rent stabilized, then there is literally no max. Expect 30%+ increase

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If it’s a market building and not rent stabilized how much have they increased each year previously ?

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They can charge what the market will bear, but they have to give a specified amount of notice if they raise the rent more than 5%.

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Is it rent stabilized?

Unfortunately no

Are you paying high rent or a preferential rent? Chances are it’s the latter which is usually set to 1/2 the high rent. So they can raise you all the way up to 100% of high rent if they want.

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Hello Fishes,

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