I rent from a privately owned 3 family house in NY. My question is "Is there a certain percentage a landlord can increase my rent"? I do not have a lease, and have been living here for one year. Please advise.
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I rent from a privately owned 3 family house in NY. My question is "Is there a certain percentage a landlord can increase my rent"? I do not have a lease, and have been living here for one year. Please advise.
No, there is no limit, if the landlord wants to raise the rent by $5.00 or 500.00, it is their right to do so.
You, on the other hand, have the right to refuse the increase, and find another place to live.
Quote:
Originally Posted by dlevy
No, increases are not regulated in NYS. Also, renewal of a lease is not automatic.
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