CoochieCrook713 t1_j9hu05v wrote on February 22, 2023 at 1:58 AM Reply to comment by user3183 in Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic That's what I was going to ask. I'm new to Jersey City (approaching 1 year of occupancy) and I thought Jersey City, as a municipality, had a rent increase cap of 4%. If so, does it only apply to specific types of properties? Permalink Parent 1
CoochieCrook713 t1_j9hu05v wrote
Reply to comment by user3183 in Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic
That's what I was going to ask. I'm new to Jersey City (approaching 1 year of occupancy) and I thought Jersey City, as a municipality, had a rent increase cap of 4%. If so, does it only apply to specific types of properties?