Which apartments are under Rent Control?
The rent control program applies to residential buildings constructed before February, 1947 in municipalities that have not declared an end to the postwar rental housing emergency. There are 55 municipalities that have rent control, including New York City, Albany, Buffalo, and various cities, towns and villages in Albany, Erie, Nassau, Rensselaer, Schenectady, and Westchester counties.
In order for an apartment to be under rent control the tenant must have been living there continuously since before July 1, 1971. When a rent controlled apartment is vacated in NYC or most ETPA localities, it becomes rent stabilized (where the building contains at least six units), or completely removed from regulation.
Which apartments are under Rent Stabilization?
In New York City, apartments are under rent stabilization if they are in buildings of six or more units built between February 1, 1947, and December 31, 1973. Tenants in buildings built before February 1, 1947, who moved in after June 30, 1971, are also covered by rent stabilization. A third category of rent stabilized apartments covers buildings with three or more apartments constructed or extensively renovated on or after January 1, 1974 with special tax benefits. Generally, those buildings are only subject to stabilization while the tax benefits continue or, in some cases, until the tenant vacates.
What is luxury decontrol?
The Rent Regulation Reform Act of 1997, New York City Local Law 4 of 1994 and the Rent Regulation Reform Act of 1993 provide for the deregulation of certain apartments based on the following conditions.
Statewide, pursuant to the Rent Regulation Reform Act of 1997, an apartment with a legal regulated or maximum rent of $2,000 or more per month on or after June 19, 1997, and which was or becomes vacant on or after June 19, 1997, is not subject to rent regulation. Previously, pursuant to the Rent Regulation Reform Act of 1993, apartments were exempt from rent regulation, statewide, if they had legal rents of $2,000 or more per month at any time between July 7, 1993 and October 1, 1993 and were or became vacant on or after July 7, 1993. In New York City, Local Law No. 4 of 1994 further provided for deregulation of apartments with legal rents of $2,000 or more per month at any time which were or became vacant on or after April 1, 1994.
These laws also provide for deregulation of high-rent apartments occupied by high-income tenants by order of DHCR in response to the filing of an owner's petition for luxury deregulation.
Pursuant to the Rent Regulation Reform Act of 1993 and Local Law No. 4 of 1994, for luxury deregulation petitions filed with DHCR on or before June 30, 1997 involving New York City apartments, deregulation occurs for apartments with legal rents of $2,000 or more per month and which are occupied by tenants whose household incomes were in excess of $250,000 in each of the two successive years prior to the filing of the owner's petition. Pursuant to the Rent Regulation Reform Act of 1993, for deregulation petitions filed on or before June 30, 1997 involving apartments located outside New York City, deregulation occurs for apartments with legal rents of $2,000 or more on October 1, 1993 and which are occupied by tenants whose household incomes were in excess of $250,000 in each of the two successive years prior to the filing of the owner's petition.
Pursuant to the Rent Regulation Reform Act of 1997, for deregulation petitions filed with DHCR after January 1, 1998, deregulation will occur statewide for apartments with legal rents of $2,000 or more per month and which are occupied by tenants whose household incomes were in excess of $175,000 in each of the two successive years prior to the filing of the owner's petition.
Source:
http://www.dhcr.state.ny.us/index.htm