Sentences with phrase «as vacancy decontrol»

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.

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.

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.

The letter demands an end to something known as vacancy decontrol, under which landlords can take empty apartments out of the system when the next tenant would pay more than $ 2,500 in rent.

So Krueger and other senators pushed for repeal of a law, known as vacancy decontrol, that removed limits on rent hikes for apartments where tenants moved out and the rent exceeded $ 2,000 a month (now $ 2,700).

In the past, legislators and governors have used the sunset date to shift the balance from tenants to landlords, with what's known as vacancy decontrol, once the monthly price of an apartment and the tenants» income reach a certain threshold.

Not exact matches

Cuomo has said it is unlikely vacancy decontrol will end, but he is open to modifying it as well as raising the ceiling in the regulations to $ 2,700 a month.

The City will work with the state as rent regulation comes up for renewal in 2015 to prevent abuses of the vacancy and luxury decontrol provisions and capital improvement rules.

He'd also like to see an end to vacancy decontrol and a revamp of the 421 - a program that takes the neighborhood Area Median Income into consideration, as opposed to the current system that includes New York City and the wealthier areas of Westchester, Putnam and Rockland Counties.

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 repeal of vacancy decontrol is not expected to win few friends in the majority GOP conference as rent control is due to expire on Monday.

The Assembly measure would repeal what's known as «vacancy decontrol.»

This might come as bad news for housing advocates who were hoping Democratic control of the senate would push forward new housing legislation, including eliminating vacancy decontrol for rent - stabilized units.

The mayor wanted an end to vacancy decontrol as part of an overhaul of rent regulations; the legislature will merely bump up the rent at which a landlord can remove an apartment from regulation.

While the bill will be sent to the Republican - led state senate for consideration, Heastie hailed the legislation as combating «ever - increasing rents» through measures that include the repeal of vacancy decontrol and limiting rent increases associated with building or apartment improvements.

Advocates disputed media reports that efforts to reform 421 - a and repeal vacancy decontrol — two priorities of Mayor de Blasio — were dead, as a report found a huge loss of affordable apartments from 2002 to 2014.