LeFrak Apartments to Get Rent Hike
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?