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Eligibility Criteria for Rent Stabilization: Buildings Constructed Before 1974 with Six or More Units: Buildings Receiving Certain Tax Benefits (J-51 or 421-a Programs): Apartments Previously Under Rent Control That Transitioned to Rent Stabilization: Certain Loft Units and Manufactured Homes:
Rent control is the older of the two systems of rent regulation. It dates back to the housing shortage immediately following World War II and generally applies to buildings constructed before 1947. Rent stabilization generally covers buildings built after 1947 and before 1974, and apartments removed from rent control.
Previously, landlords were allowed to increase rent by up to 20% when a rent-stabilized tenant moved out. However, the 2019 HSTPA permanently eliminated this vacancy bonus, closing a major loophole that previously enabled property owners to substantially raise rents between tenants.
Methods landlords use to destabilize apartments: Often this may involve lying about the amount of the expenses of the renovation. Illegally harassing tenants to coerce them into moving out so they can gut the apartment and charge market rate rents.
A 5-10% rent reduction for inconveniences like delayed non-essential repairs is common. Habitability issues, such as water damage or construction noise, may warrant 10-30%.
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