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That is unfortunate you don't live in a rent stablized building. I'm not sure how landlords decide whether they want their apartments to be rent stablized or not. There are tons of luxury high rise buildings charging 3K for a 1 bedroom and it's rent stablized.
Not sure why you're landlord being greedy and charging you that % increase has anything to do with me. It's your buildings owner that makes these decisions. It has nothing to do with anybody else.
That is unfortunate you don't live in a rent stablized building. I'm not sure how landlords decide whether they want their apartments to be rent stablized or not. There are tons of luxury high rise buildings charging 3K for a 1 bedroom and it's rent stablized.
Not sure why you're landlord being greedy and charging you that % increase has anything to do with me. It's your buildings owner that makes these decisions. It has nothing to do with anybody else.
"What happens when the rent for my stabilized apartment rises above $2,500?
An apartment will remain rent stabilized even if the rent rises above $2,500 while a tenant remains in occupancy and household income is less than $200,000 for the two previous years. However, as the rent reaches $2,500 or more, the owner has a right to petition the NY State Division of Housing and Community Renewal to deregulate the apartment. Complete information on this can be found in the Decontrol/Destabilization FAQ section."
he rent on my new apartment is over $2,500 - Can it be stabilized?
The building may in fact be rent stabilized, even though the rent exceeds $2,500.
In newly constructed or completely rebuilt buildings, many developers take advantage of the City's 421a and J-51 tax exemption programs. In return for the tax exemption, the developer/owner of the building must maintain the units under rent stabilization for the period of the tax exemption, which usually runs 10 to 20 years. More information is available in the 421a/J-51 FAQ section. In the case of new construction, the fact that the rent is over $2,500 does not affect the apartment's stabilization status.
An apartment may also remain rent stabilized even if the rent rises above $2,500 while a tenant remains in occupancy. However, when that occurs, the owner has a right to petition the NY State Division of Housing and Community Renewal to deregulate the apartment. More information on this can be found in the Decontrol/Destabilization FAQ section.
Ask the owner if the building is rent stabilized. You may also contact the New York State Division of Housing and Community Renewal, the agency which administers the rent laws, and ask them if it is, or should be rent stabilized.
If the building is rent stabilized, all of your renewal leases are governed by the lease renewal percentages enacted yearly by the Rent Guidelines Board. See here for current guidelines. If your unit is not stabilized, then there are no limits on increases your landlord can charge when the lease expires.
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What happens when the rent for my stabilized apartment rises above $2,500?
An apartment will remain rent stabilized even if the rent rises above $2,500 while a tenant remains in occupancy and household income is less than $200,000 for the two previous years. However, as the rent reaches $2,500 or more, the owner has a right to petition the NY State Division of Housing and Community Renewal to deregulate the apartment. Complete information on this can be found in the Decontrol/Destabilization FAQ section.
NYC rent stabilization: a battle looms - am New York
Moving to new york this summer and doing some more reading about rent controlled apartments. But it looks like its going to get pretty nasty here. m just wondering what one does if their rent is raised? and if anyone has experienced this
i wish it was effecting me...I would love to have a rent stabilized apartment!
There are tons of luxury high rise condos in Long Island City that charge $2,800.00 to $3,400.00 for a 1 bedroom and those are all rent stablized so not sure what that other person was yakking about making it seem like his increase offset my low increase. As if those prices aren't high enough, but at least they are rent stablized.
I think buildings elect with NYC Housing whether they want their building to be rent stablized or not to regulate how increases go and to detour excessive rate jumps unnecessarily. Shame on you for being in a building that isn't rent stablized. You can always move and find one that is.
That is unfortunate you don't live in a rent stablized building. I'm not sure how landlords decide whether they want their apartments to be rent stablized or not. There are tons of luxury high rise buildings charging 3K for a 1 bedroom and it's rent stablized.
Not sure why you're landlord being greedy and charging you that % increase has anything to do with me. It's your buildings owner that makes these decisions. It has nothing to do with anybody else.
Anything under market rate implies... Subsidized living.
look it up.
My landlord may have been "greedy" but yours is legally required to stabilize rent, for... Guess what, tax credits and breaks. Less taxes from your landlord means more taxes for the general populous.
Housing is not a charity market.
Some people in your building are paying more than you are, that's subsidizing your rent. Without regulation, you'd be out
Actually the other tenants in the building are not subsidizing the rent of Rent Stabilized/controlled tenants. The landlord can only charge as much as the market will bear, thus if the market is willing to pay $3,000 for an apartment, but no more, the landlord will charge the $3,000. If half the apartments in the building are stabilized apartments renting for $2,000 each,the landlord does not add on the lost $1,000 to the market rate apartments and thus charge them $4,000 each to make up for the shortfall as then no one would rent those market rate apartments.
The way subsidized apartments do raise rent for others is by decreasing market supply and increasing demand at the same time, thus manipulating what the market is willing to pay for a market rate apartment.
A landlord cannot be "greedy" and simply up rentto whatever they want. They can only charge as much as the market is willing to pay. If they do try to charge more, no one will rent out the unit!
Anything under market rate implies... Subsidized living.
look it up.
My landlord may have been "greedy" but yours is legally required to stabilize rent, for... Guess what, tax credits and breaks. Less taxes from your landlord means more taxes for the general populous.
Housing is not a charity market.
Some people in your building are paying more than you are, that's subsidizing your rent. Without regulation, you'd be out
nah , other folks are just paying the going rate.
it is like saying if you get market returns on an s&p fund it makes up for your loses elsewhere . no it just pulls the returns you should have had down if you didn't have the laggards..
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