LeFrak Apartments to Get Rent Hike
For those living in Corona, you guys are going to find the times will get tougher. And this is for thousands of tenants at the rent-stablized apartments. LeFrak City residents are going to be faced with a $65 dollar monthly rent increase. They are doing this because they have installed new elevators in the building and have to recover the costs.
An appeal was filed through state Sen. Hiram Monserrate this week in an effort to block the rate hike. Their reasoning is that the money should come out of the owner's operations account. It is part of renovations and therefore the money should come from the owner out of his capital. It should not be forced on the tenants.
I agree. When an apartment owner has to do any major upgrades to the apartment, the money should come from his account and he should not depend on tenants to pay for it. It is part of maintenance and upkeep.
What you think about it? How do you feel?
The opinions expressed here are those of the individual and not those of StreetAdvisor.
An appeal was filed through state Sen. Hiram Monserrate this week in an effort to block the rate hike. Their reasoning is that the money should come out of the owner's operations account. It is part of renovations and therefore the money should come from the owner out of his capital. It should not be forced on the tenants.
I agree. When an apartment owner has to do any major upgrades to the apartment, the money should come from his account and he should not depend on tenants to pay for it. It is part of maintenance and upkeep.
What you think about it? How do you feel?
3 people following
this discussion
this discussion
- Follow
5 Comments
Add a comment
