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.
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.