FAQ: Rent Increase Proposals

What exactly is our landlord proposing?

Our landlord, Mr. Kalimian, has submitted two main proposals to the Rent Leveling Board:

1. To allow annual rent increases of CPI (Consumer Price Index) plus 4%, with a 7% cap.
2. To permit automatic pass-through rent increases for capital expenditures without requiring a hardship appeal.

See his proposal here.

Why are these proposals concerning?

• The CPI+4% proposal could lead to rent increases significantly higher than inflation, potentially pricing out many tenants.
• The automatic pass-through proposal would remove important oversight and could lead to unjustified rent increases.

What do our letters say?

Our letters outline several key arguments against these proposals:

1. The CPI+4% formula could lead to unsustainable rent increases, especially during economic crises.
2. Automatic pass-throughs for capital expenditures could create a system ripe for abuse.
3. The proposals would create an administrative nightmare for the Rent Leveling Board.
4. The changes would increase subjectivity in rent increase decisions, leading to more disputes.
5. These proposals would impose significant costs on the town in terms of human resources and administration.

Why do we need signatures?

Your signatures demonstrate community-wide opposition to these proposals. A strong showing of tenant unity can significantly influence the Rent Leveling Board's decision.

What happens if these proposals are approved?

If approved, tenants could face:

• Annual rent increases of up to 7%, regardless of economic conditions.
• Additional rent increases for capital improvements without proper oversight.
• Potential displacement due to unaffordable rent hikes.

How soon do I need to sign?

We need all signatures by Monday to ensure we can submit our letters to the Rent Leveling Board in time for consideration.

Where can I read the full letters?

Here! Along with helpful summaries!

What if I have more questions?

Please contact us at together@10ocean.social for more information or to discuss any concerns.

What happens after we submit the letters?

The Rent Leveling Board will review our letters. This topic is on the agenda for the Rent Leveling Board public meeting scheduled for Wednesday, October 9 at 2 pm at borough hall. Please attend if you can.

How can I stay informed about this issue?

Join our mailing list or group chat to receive updates. We'll also post information on the building's community board. email: together@10ocean.social