The article reports on the decision of New York City Mayor Michael Bloomberg to extend the city's law for rent stabilization through April 1, 2009. In a board vote, proposed guidelines held tentative rent renewal increases on one-year leases and on two-year leases. Half of the rental units...
New York City’s rent stabilization laws play a crucial role in providing affordable housing for millions of residents. These regulations limit rent increases and ensure tenants’ rights in a competitive housing market. Understanding the statistics surrounding rent stabilization can help you grasp its ...
rent regulationrent stabilizationrent controlhousingaffordable housinglow-incomegentrificationhousing crisisThe Rent Guidelines Board determines rent increases for New York City's 1 million rent-stabilized apartments. It must weigh the economic conditions of the residBotein, Hilary...
But under New York’s 1969 Rent Stabilization Law, so long as the city continues to face a housing emergency, it can set maximum permissible rent increases for about 1 million apartments,accordingto The New York Times. The Supreme Court recentlydeclined to heara case that challenged the constit...
Obtained rent stabilization status, rent reductions and substantial overcharges for multiple tenants throughout the city Read More Himmelstein McConnell Gribben & Joseph LLP 35+ Years of practice 10,000+ Tenants Represented Throughout New York Millions Of Dollars Of Overcharges Recovered Millions Of ...
Housing activists may also pursue legislation that will further regulate the administration of the Rent Stabilization and Emergency Tenant Protection Act and change the New York City Rent Guidelines Board. With acontroversial 3% rent increasein June in New York Cit...
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China released a draft regulation on housing rentals and sales Friday in its latest effort to standardize the country's housing market. Kunqu inheritor cultivates talents 600,000 VW's recalled in China The venture, which is a partnership between the German auto-giant and local partner China FAW...
being able to take apartments off rent control. Given this new law, purchasing a condominium that translates to a rent slightly above $2775 is a great idea as this was the old threshold landlords needed to clear to remove an apartment from rent stabilization and place it into the free ...
If the apartment is in a building with six or more units it will generally fall under rent stabilization upon vacancy. If in a building with five or fewer apartments it will “go to market,” that is, leave rent regulation and become a market-rate rent...