Sentences with phrase «luxury decontrol»
The phrase "luxury decontrol" refers to a situation where luxury housing is no longer subject to rent control or regulations that limit the amount landlords can charge for rent. It means that the rent for high-end or luxurious homes can increase without restrictions or controls. Full definition
«There is force to argument that $ 250,000 in New York City doesn't make someone rich, so I think accepting $ 200,000 on rent regulations luxury decontrol is consistent with that.»
nystateofpolitics.com
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.
Ricci recalled the brief period of Democratic control of the Senate in 2008 when members introduced measures «every week» that would «hurt the residential real estate industry,» such as raising the threshold for luxury decontrol, or the rent that effectively removes an apartment from rent - stabilization rules.
«I'm open to extending rent regulations,» Skelos (R - LI) told reporters before rejecting any hike to the 14 - year - old «luxury decontrol» thresholds, explaining, «That would be an expansion.»
Pataki, who was governor until 2006, championed so - called «luxury decontrol,» for example.