In Hoboken, if the building is older than 30 yrs old, its subject to rent control. The increase is indexed to the CPI rate/inflation from 3 months prior to the end of a lease. Assuming there wasn't some type of exemption filed & approved by town hall.
VengefulMigit t1_je6yfwt wrote
Reply to comment by MrHarryPits in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
In Hoboken, if the building is older than 30 yrs old, its subject to rent control. The increase is indexed to the CPI rate/inflation from 3 months prior to the end of a lease. Assuming there wasn't some type of exemption filed & approved by town hall.