● High
Rent Vacancy deregulation threshold ● Major Capital Improvements ● Vacancy Allowance and Preferential Rents ● Harassment ● New Buyout ● Legislation ● TPU Updates ● Regulation challenges
Of major concern this year is high -
rent vacancy deregulation.
Not exact matches
Landlords in New York City won a victory with the state Court of Appeals ruling that
vacancy rent increases can be used to boost a unit's cost over the
deregulation threshold.
Court of Appeals Chief Judge Janet DiFiore wrote in her decision that state law makes it clear the
vacancy rent increase should be counted when figuring if an apartment has reached the
deregulation threshold.
To do that, the Assembly has put forth a bill that would repeal
vacancy decontrol and increase high income and high
rent deregulation thresholds to $ 300,000 and $ 3,000, respectively, among other expansions of the current laws.
«What we need to do is terminate
vacancy deregulation,» Lasher said of the ability of landlords to raise
rents and deregulate apartments when units become vacant.
He would repeal
vacancy deregulation as a way of protecting New York City's stock of
rent stabilized housing.
Above all, the mayor has failed to use his bully pulpit to push for repeal of
Vacancy Deregulation and other loopholes in the
rent laws that have cost the city far more affordable apartments than he can ever build.