Sentences with phrase «called vacancy decontrol»
Instead, he received just a small change in what's called vacancy decontrol.
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There, the governor appeared to endorse the Assembly's proposals for rent regulation, calling for an end to vacancy decontrol, ending permanent charges for major capital improvements and raising the price at which an apartment is able to leave rent stabilization from the current threshold of $ 2,500.
Both fall short of what Mr. Cuomo, Mayor Bill de Blasio and tenant leaders called for: an end to vacancy decontrol, whereby a property owner may remove an apartment from the rent control program if it becomes unoccupied.
No,» he said, though he alluded hopefully to Mr. Cuomo's call yesterday to end vacancy decontrol.
The activists have called for changes to rent regulations to stop or slow the process of vacancy decontrol, under which landlords can remove apartments from regulation when rents cross a certain threshold.
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 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.
Tenant advocates have long been calling for stronger protections, especially regarding vacancy decontrol and the vacancy bonus, since they believe those factors create strong incentives for landlords to pressure tenants to leave so they can get higher rents.
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.
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.
Both fall short of what Mr. Cuomo, Mr. de Blasio and tenant leaders called for: an end to vacancy decontrol, whereby a property owner may remove an apartment from the rent control program if it becomes unoccupied.