Sentences with phrase «rent stabilization system»

Judi Kende, vice president and New York market leader at Enterprise Community Partners, urges the New York State Legislature to strengthen rent laws and provide enough funds for enforcement efforts, with the goal of preventing affordable units from leaving the rent stabilization system and curbing tenant harassment.

... Although June 15, 2015 is the day that several laws creating our rent stabilization system are set to expire, your legal obligations under existing leases and under the passage of the new rent stabilization program will not expire on that day; and any attempt to circumvent those responsibilities will face the full brunt of the law and all legal consequences.»

Once a stabilized apartment hits the vacancy decontrol threshold — currently set at $ 2,733 — the apartment comes out of the rent stabilization system and the state protections that keep that apartment affordable disappear.

Not exact matches

Rent stabilization laws last came under review in 2011 and, since then, more than 35,000 affordable units have left the system, according to city officials.

Among those alleged «loopholes» are vacancy decontrol — which lets landlords to remove a unit from the rent stabilization program if the tenant dies or relocates — major capital improvement rules, which allows for permanent rent increases to pay for renovations and the preferential rent system, which permits landlords to charge a tenant less than the legally regulated rate for an apartment.

A Heastie speakership would be a boon to Mr. Schlein and the many clients — the Rent Stabilization Association, the New York Hall of Science, Dominion Voting Systems and the Yankees, to name a few — he has represented before the city and state government.