Thank you for sharing!

Your article was successfully shared with the contacts you provided.
nyc-apartment-buildings real estate, new York City, rent, home, iStock

With New York’s rent regulations up for renewal in June, there are several bills in the Legislature that claim to be designed to strengthen tenant protections. Two that appear to have garnered favor with the governor are one that would eliminate vacancy decontrol and another that would limit a landlord’s ability to revoke a preferential rent. But might these bills be more trouble than they are worth?

Vacancy Decontrol

Under applicable law, where an apartment is rent-stabilized its “legal rent” must be registered with the state Division of Housing and Community Renewal (DHCR). Each year, the Rent Guidelines Board (RGB) determines the percentage by which landlords may increase that legal rent for lease renewals. If an apartment becomes vacant, however, it may be removed from rent stabilization altogether if its legal rent exceeds a statutory maximum (currently $2,700). This is vacancy decontrol.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


New York Law JournalBook

New York Law Journal, serving the bench and the bar since 1888

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.