Sentences with phrase «apartment becomes vacant»

He also wants to do away with another rule that allows landlords to raise the rent by 20 percent after an apartment becomes vacant.

Glover called on the governor to walk back a policy that allows landlords to increase rents by 20 percent whenever a rent - regulated apartment becomes vacant.

(Credit Nathaniel Brooks for The New York Times) For decades, the cost of renting a regulated apartment in New York has been partly determined not just by annual increases approved by a city board, but also by the far bigger raises allowed when an apartment becomes vacant.

Then as apartments become vacant continue to renovate if necessary or if I need to in order to get the rents higher.

Not exact matches

The Assembly Democrats had been pushing for a host of tougher tenant protections, including the end of a provision that allows apartments to become unregulated once they become vacant and their monthly rents hit at least $ 2,500.

Mr. de Blasio stressed that he would not be satisfied with a simple extension of the existing regulations, but called for preventing landlords from removing vacant apartments from the rent control program and from increasing the rent 20 percent on stabilized apartments once they become unoccupied.

«What we need to do is terminate vacancy deregulation,» Lasher said of the ability of landlords to raise rents and deregulate apartments when units become vacant.

The bill would also cap at 7.5 %, down from 20 %, how much a landlord can increase rents on apartments that become vacant.

It also would slightly increase the rent threshold at which apartments that become vacant can be removed from rent regulation, a process known as vacancy decontrol.

That allowed landlords to start charging market rates for rent - regulated apartments leasing for more than $ 2,500 — provided that the apartments had become vacant, or that the tenants in them earned more than $ 200,000 a year for two consecutive years.

Left unchecked, vacant Westerly homes and apartments can be a drag on the real estate market, holding Westerly real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied.

Left unchecked, vacant Middletown homes and apartments can be a drag on the real estate market, holding Middletown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied.