[caption id="attachment_209141" align="aligncenter" width="575"]![]( "StuyTown_001")
Stuyvesant Town[/caption]
Thousands of residents in Stuyvesant Town and Peter Cooper Village are flummoxed by a lease clause that allows their landlords to hike their rent in the middle of their lease, the Wall Street Journal reported. Roughly 40 percent of the 11,200-unit complex could see rents rise as much as $1500 due to the clause, which was the result of a previous lawsuit tenants brought against a consortium of investors led by Tishman Speyer and Metlife, and against landlord CWCapital Asset Management. [more]
Stuyvesant Town[/caption]
Thousands of residents in Stuyvesant Town and Peter Cooper Village are flummoxed by a lease clause that allows their landlords to hike their rent in the middle of their lease, the Wall Street Journal reported. Roughly 40 percent of the 11,200-unit complex could see rents rise as much as $1500 due to the clause, which was the result of a previous lawsuit tenants brought against a consortium of investors led by Tishman Speyer and Metlife, and against landlord CWCapital Asset Management. [more]