Willie Ice, Renter in Morningside Heights,...

Are rental apts. in bldg subject to Rent Stablization Law of 1969?

Asked by Willie Ice, Morningside Heights, New York, NY Sun Jul 25, 2010

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There have been newer laws. The rent regulation Reform act of 1997 stipulates the amount a landlord can charge after the apartment is vacated. It also depends on how long the previous tenant lived there and the price of apartment. Luxury apartments can be decontrolled when the stabilized rent reaches $2000 and the tenant's income is more than $175,000/year.

You should check the nyc rent regulation laws or contact an attorney because a recent court ruling regarding Stuyvesant town illegally decontrolling apartments may affect many apartments throughout the city that were deregulated illegally.
1 vote Thank Flag Link Sun Jul 25, 2010
Mitchell Hall, Real Estate Pro in New York, NY
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For accurate information as it may pertain to your specific situation, do consider consulting with an attorney who specializes in real estate, as laws can change at any time.
0 votes Thank Flag Link Mon Jul 26, 2010
Willie,
I don't know if you are referring to a specific building that isn't cited here, or if this is a general question, but units in rent-stabilized buildings do remain rent-stabilized. When the unit turns over, the landlord can raise the rent by a set percentage.
0 votes Thank Flag Link Sun Jul 25, 2010
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