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If you have lived in your apartment two years or more, or if you have a two-year lease, your landlord must provide you with 90 days advance written notice before raising your rent or not renewing your lease.
This year, the rules say rents can be increased by last Septembers Consumer Price Index (CPI), plus an extra 1%. The CPI is a common measure of inflation and in September 2021 was 3.1%. This means that most rents will increase by 4.1% from April 2022.
no limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more. advance written notice. This applies to month-to-month tenants without a lease as well.
For one-year increase periods commencing on or after October 1, 2022 and on or before September 30, 2023: 3.25%
The residual value of the car will stay the same, meaning if you want to buy the car later, youll still have to pay the residual value despite depreciation. Extending the lease may incur fees and penalties. The longer you drive the car, the more likely it will be that it will need repairs.

People also ask

Extension normally refers to a lengthening of time for an existing contract. Renewal normally contemplates an entirely new contract. This can be a distinction without a difference in some situations, but in complicated contracts it can have legal consequences.
NYC laws typically require that the tenant be given at least 7 days notice of termination to vacate and surrender the premises. However, this time can vary and go all the way up to 30 days, depending on the type of apartment that is being recovered and the lease agreement (if any).
When its time to renew, its basically a brand new lease, and it doesnt matter whether you are a new tenant or an old one. The landlord can charge whatever they want. However, because you have a deposit from the old lease, you either get that back or a credit to your new deposit.
The Tenant Protection Act of 2019 (AB 1482) restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. For increases that take effect on or after Aug. 1, 2022, due to inflation, all the applicable CPIs are 5% or greater.
For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and. 1.5% for the remaining 6 months of the lease.

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