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Moved into a walk-up rental 1B apartment in NYC last August, my husband and I received a first renewal notice yesterday, which told that the new rent would be $2200 from current $1700. Is this a common practice? We had paid the monthly rent on time, never made loud noise, etc. What is the best way for us, either try to negotiate with the management company or to find the new apartment again? Would you tell me how we shall negotiate on the new rent?
Thank you very much in advance.Pengu
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Thank you very much for your detailed advice, JasonTrue. Which is very useful input for us. I see 30% increase is not common practice.Probably our move costs around $2500 (broker fee + mover). So our "X" would be $200 to $300.The market price (for no elevator, no laundry in premises) in our neighborhood is about $2000. We still don't know the landlord's intention and will never know. I just feel more like they want us to move out. Right now we're thinking toward moving out of this apt., and buying an apt. for ourselves sometime next year. It's too scary to live in a (non rent controlled) rental apt.
Thank you again!
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