Landlords demanding stiff increases

May 03, 2005 12:00AM

As the annual battle over rents for the city’s stabilized apartments begins, landlords have thrown down the gauntlet: They say they need rent hikes of at least 6.5 percent for one-year leases and 10.5 percent for two-year leases, blaming oil costs and the revelation that their net operating income fell 4.5 percent in 2003. more [Daily News]
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