Sentences with phrase «vacancy decontrol allows»

Not exact matches

Mr. de Blasio specifically called for the end of vacancy decontrol, a law that allows property owners to take apartments off the rent - regulated list when they go vacant.

The bill, which Wright sponsored, would tweak current laws and extend them until June, 2019, and would eliminate vacancy decontrol, which allows landlords to raise rents when an apartment is vacated or when the monthly charge reaches $ 2,500.

A similar standoff with Republicans forced Democrats in 1997 to accept «vacancy» and «luxury» decontrol, which allow landlords to escape price regulations when monthly rents exceed $ 2,000 and tenants earn more than $ 175,000 annually.

Democratic leaders did allow two bills to reach the floor for votes that year: a Krueger measure to stop landlords from collecting rent increases retroactively, and a bill by Manhattan Senator Daniel Squadron requiring owners to document rent increases used to justify vacancy decontrol.

The details of the so - called «framework» are as follows: much to the dismay of die - hard tenant - advocates, vacancy decontrol is staying, and landlords will still be allowed to deregulate apartments when tenants» monthly rent and annual household income reach certain thresholds.

A group of City Council members, led by Christine Quinn, announced the introduction of legislation yesterday to make the state legislature repeal vacancy decontrol, and kill the law allowing Albany to set rent regulations for the city.

«If we're gonna fight for New Yorkers they we're gonna need to strengthen the rent laws and that means the repeal of vacancy decontrol and the repeal of a lot of the loop holes that have allowed land lords to increase the rent at a rapid rate to get it up to the 25 - hundred dollar threshold where they can deregulate it.»

The industry reps, however, refused to discuss ending «vacancy decontrol,» a process despised by Silver that allows landlords to deregulate certain apartments once they go vacant.

One major reason apartments exit the rent regulation system is because they are subject to something called «vacancy decontrol,» which allows landlords to deregulate a unit when a tenant leaves and the rent reaches $ 2,500 a month, up from $ 2,000 a month in 2011.

Among those alleged «loopholes» are vacancy decontrol — which lets landlords to remove a unit from the rent stabilization program if the tenant dies or relocates — major capital improvement rules, which allows for permanent rent increases to pay for renovations and the preferential rent system, which permits landlords to charge a tenant less than the legally regulated rate for an apartment.

Because of this, de Blasio has called not only for an extension of the laws but a strengthening to end things such as vacancy decontrol, which allows landlords to deregulate a vacant apartment when the rent reaches $ 2,500 per month.

Perhaps the most contentious part of the Assembly plan is a push to repeal a provision that allows apartments with monthly rents of at least $ 2,500 to become decontrolled upon vacancy.

In 2011, the chamber approved changes that exceeded what the Senate would agree to, including repealing vacancy decontrol, which allows landlords to take a unit out of rent stabilization if the legal rent exceeds a certain amount.

The state's expiring rent regulations could get the same treatment — though the new Assembly speaker, Carl Heastie, says he's going to make a stand for tenant - friendly changes like the repeal of «vacancy decontrol,» which allows landlords to charge market - rate rents after an apartment's price rises above $ 2,500 per month.

On rent regulation, de Blasio wants to end vacancy decontrol, which allows apartments to leave regulation once monthly rent reaches $ 2,500.

But the governor has not yet committed to a specific proposal or eliminating vacancy decontrol, which allows landlords to move apartments from regulation once rents reach $ 2,000.

Last month the Democratic - led Assembly passed legislation that would, among other things, end vacancy decontrol, which allows landlords to raise rent by an unlimited amount when the monthly charge reaches $ 2,500.

De Blasio has proposed changes including ending «vacancy decontrol,» which allows an apartment to become market - rate after the rent passes $ 2,500, and making rent increases from renovation costs temporary instead of permanent.

Current rent laws include a measure known as vacancy decontrol that allows a landlord to remove an apartment from rent regulation when the monthly rent reaches $ 2,500 per month.