Hoboken Legal Beagle – 9/23/2008

9/23/2008:

Today’s Legal Beagle entry is about Hoboken rent control!

hoboken-rent-control2.jpg

What’s the deal with rent control?

“I was looking at the Rent control law and noticed that the maximum rent increase is either 7.5% or the difference in CPI over a year (as of 3 months prior). I just got my rent increase from Applied and it’s a 6.7% increase, but the CPI only went up 5.02%.

I’m curious about a few things
1) Am I reading this correctly, or has there been an update to this law?
2) Am I the only one in this situation

I’m assuming I’ll be able to get this cleared up for myself, but if they are doing this to me, they might be doing it to others. Is there something that should be done for a wider audience?”

Hoboken411 Legal Beagle says:

Hoboken411 Legal BeagleThe rent control laws in Hoboken are a continuing source confusion and litigation. I assume you know that you should go to the rent control office in Hoboken and let them make a calculation for you. However, the big issue is whether or not your building is even subject to rent control. Almost all multifamily buildings built in NJ after 1986 are exempt from municipal rent control, look at this Law about the exemption

As far as a wider audience goes, the rent control laws are in theory so strict that hundreds if not thousands of tenants are being over charged but do nothing about it. I have represented both sides in rent control disputes and have seen thousands of dollars paid in settlements. The way the law works however, the tenant must take the first step to establish a legal rent; by requesting a rent calculation from the rent control office.

I guess that most tenants just don’t think the law would apply to them and do nothing about a rent that they negotiated for and formalized with a lease.

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69 Comments on "Hoboken Legal Beagle – 9/23/2008"


krewedetat
Member
krewedetat
8 years 1 day ago

[quote comment=”107813″]Personally, I think it’s great that some long time residents and those who grew up here don’t have to clear out for the newbies, leaving behind family and old friends. If people don’t like it, they don’t have to move here.[/quote]

Thank you for that perspective. I hope my kids can afford to live here if they choose to stay. And I hope they can do that regardless of whether or not they choose a traditional “professional” career path. Lord knows we need more plumbers.

RebeccaL
Member
RebeccaL
8 years 5 days ago

It’s not just rent control that drives the prices up here, it’s also the desirability of living next to New York City. Landlords will charge all that the market will bear whether their community has rent control or not – at least on the units that aren’t subject to rent control. (And in Hoboken even on rent controlled apartments as many find when they bother to go down to the rent control office to see if they’ve been charged the legal rent in their old building.) There are many people who want to live in New York and end up living close to it instead and then there are those who have come to consider Hoboken a “singles” community over the last decade or so who have driven the prices sky high during that time. I don’t believe that landlords would be charging any less if there wasn’t rent control as long as there are people willing to pay the rates they charge.
Personally, I think it’s great that some long time residents and those who grew up here don’t have to clear out for the newbies, leaving behind family and old friends. If people don’t like it, they don’t have to move here.

nacholibre
Member
nacholibre
8 years 5 days ago

[quote comment=”107689″]Katie makes some good points here. this conversation reminds me of something I read about NYC a while ago. it’s estimated that by 2025 (i think that was the year), manhattan would just become a city for the ultra-wealthy.
[/quote]

By 2025, we will all have quasi-futuristic suits with nehru collars, use credits instead of dollars, drink liquified meals and say “affirmative” instead of “yes”….oh and be enslaved by robots.

😯

truth1
Member
truth1
8 years 5 days ago

Wait unit the property reassessment happens in approximately 2 to 3 yrs. Since it was last done in 1988 it is long overdue. Good practice recommends every 5 years…since when does Hoboken do whats right? It will cause a ANOTHER TAX SHOCK WHEN WE ARE CURRENTLY AWAITING ONE FOR THE MASSIVE DEFICIT WHICH WILL KILL US IN THE NEXT 3 YEARS. RENT CONTROL IS THE LEAST OF OUR PROBLEMS WHEN YOU FACTOR THIS IN. 😥

matt_72
Member
8 years 5 days ago
[quote comment=”107771″][quote comment=”107754″][quote comment=”107749″][quote comment=”107730″][quote comment=”107726″]I don’t see why it has to be that people who can’t afford their own place are lazy. Perhaps they’re hard workers but weren’t smart enough to get a degree in a high paying field.[/quote] then they obviously don’t need to live in hoboken of course![/quote] Why does anyone NEED to live in Hoboken to begin with? Would a commute from a town or two away kill anyone? I find it ironic that the people that tend to make the MOST in town tend to commute the furthest to get to work……. And we pay a ton more to both live here and commute to work than all these people who claim they have to live in town because they just can’t move out of this 1 mile square area.[/quote] Could people actually move here for the social aspect? No one NEEDS to live in any town unless your job requirements state as such. Not everyone who lives in Hoboken who is not making a ton of money lives in rent controlled buildings. You sound like a snob.[/quote] my wife and i make a pretty decent living. neither of us have a very long commute. i’m not sure why the people that make the “most” would have the farthest commute….[/quote] I am comparing condo dwellers who tend to make a decent living to the city workers & retirees who predominantly live in rent controlled & subsidized housing buildings in town. They tend to scream loudest… Read more »
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