Hoboken Legal Beagle – 9/23/2008
Today’s Legal Beagle entry is about Hoboken rent control!
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:
The 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.