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The Boston Globe

Business

Tenants, buyers of foreclosed units tangle over rents

Inocencia Perez and Gerardo Romero thought the arrival of a new landlord meant they could stop worrying about the status of their apartment, on the second floor of a Chelsea building seized by a bank through foreclosure.

But instead of newfound security, Perez and Romero — who have three young children — were unnerved when, not long after taking over, the two-decker’s buyer, City Realty Group LLC, raised their monthly rent by $300, to $1,300. The couple said they were given two options: pay up or move out.

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