My landlord wants to renovate my rent-stabilized apartment. Can I pay for the upgrade to avoid a rent hike?

… Under the new limit when a landlord makes an upgrade to an apartmentsuch as installing new appliancesthey can increase … a tenants rent by 1168th of the cost in buildings with 23 or more apartments or 1180th of the cost in buildings … repairs like spackling over holes in the wall or grouting bathroom tiles arent significant enough to qualify for a …

By Celia Young |May 1, 2024 - 3:30PM