Coming soon - Get a detailed view of why an account is flagged as spam!
view details
0
How does rent stabilization work for lowering rent?
Post Body

Different than this question, though heavily related maybe.

I've been in my apartment for two years, it's rent stabilized and last February I re-signed for ~$2750 (ugh, bad timing). There's other apartments in my building, same size, going for $2050, and a 2BR on another floor going for $2550, and they've been on the market for a few months, so at the moment I'm being screwed.

I'm trying to renegotiate my lease, but one of the leasing agents said there was probably not a lot they could do since it's stabilized. They did ask if I would consider moving into one of the other units, so I don't think they're really trying to freeze me out, but who knows.

Is there legitimacy to that? Rent can't be lowered in rent stabilized either? Or maybe if they lower it they fear they can't raise it once this is all over?

Basically just trying to gauge how much bullshit I'm being fed or not.

Author
Account Strength
100%
Account Age
11 years
Verified Email
Yes
Verified Flair
No
Total Karma
67,085
Link Karma
5,055
Comment Karma
62,010
Profile updated: 3 days ago
Posts updated: 8 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
3 years ago