Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. Submitted by chazthetic t3_118drdc on February 21, 2023 at 8:10 PM in jerseycity 97 comments 34
chanceTheCatter t1_j9gn7w9 wrote on February 21, 2023 at 8:46 PM I have had reasonable increases with KRE. 4% increase two years in a row Permalink 13 drew_z t1_j9jkizh wrote on February 22, 2023 at 12:58 PM same, even less actually. the building and management companies matter a ton in these conversations and people rarely name them Permalink Parent 4 lumuse t1_j9pbm7s wrote on February 23, 2023 at 4:47 PM 5% increase 24 month lease for 2b in 10+ years old apt with KRE. Is old apt rent controlled? Permalink Parent 1
drew_z t1_j9jkizh wrote on February 22, 2023 at 12:58 PM same, even less actually. the building and management companies matter a ton in these conversations and people rarely name them Permalink Parent 4
lumuse t1_j9pbm7s wrote on February 23, 2023 at 4:47 PM 5% increase 24 month lease for 2b in 10+ years old apt with KRE. Is old apt rent controlled? Permalink Parent 1
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