For market-rate tenants, increases can come each year, and amounts can vary; at times, the increase persuades families who had just been getting settled to leave.
During the 1990s, when many people flowed into the city, conflicts between old and new tenants increased and the estates were considered unsafe.
Building owners fear that if Democrats win control of the Senate, legislators may give tenants increased bargaining power over prices, or may increase protections for both rent-stabilized and market-rate tenants in conversions, he said.
It said the fall had been driven by a surge in the number of rental homes available in the capital, with the number of properties up by 32% year on year while the number of tenants increased by 9%.
The co-op must show, for example, that the sponsor has retained a large percentage of the units in the building; that the situation makes it difficult for co-op owners to sell their shares; that the co-op itself has difficulty refinancing the building on reasonable terms; and that the presence of rental tenants increases wear and tear on the building.
Also, we work with property owners or asset managers, who benefit from tenants' increased willingness to pay for flexibility," adds ten Eikelder.
The doors will be activated by magnetic cards issued to tenants, to increase security.
Having government agencies as tenants may increase the likelihood of an attack, as could the proximity to a high-profile landmark, Mr. Conlon wrote in his report.
The other $4 billion of reinvestments was used to settle disputes, buy out partners, pay off debt or perform needed repairs and improvements to attract tenants and increase resale values.
