New Jersey city eliminates $20 limit on rent increases – Robert Khodadadian

, New Jersey city eliminates $20 limit on rent increases – Robert Khodadadian, Robert Khodadadian

New York landlords who feel handcuffed by rent stabilization probably have no idea what landlords in Elizabeth, New Jersey, have been dealing with. Last week, the city council there voted to eliminate a policy capped annual rent increases at $20, NJ.com reported. Under the policy, landlords could only raise rents by either a crisp Andrew Jackson or 3 percent, whichever was less (almost always the Jackson). While the $20 rent control measure is becoming a

 New York landlords who feel handcuffed by rent stabilization probably have no idea what landlords in Elizabeth, New Jersey, have been dealing with. Last week, the city council there voted to eliminate a policy capped annual rent increases at $20, NJ.com reported. Under the policy, landlords could only raise rents by either a crisp Andrew Jackson or 3 percent, whichever was less (almost always the Jackson). While the $20 rent control measure is becoming a
The post New Jersey city eliminates $20 limit on rent increases appeared first on New York.  Cross Post, Home Page, Politics, Commercial Real Estate, New Jersey, rent control, Rental Market The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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