The New Rent Law Rules are Announced!

Apartments for

Rent stabilized in NYC

in New York City have just been tweaked a little.

Rent stabilization rules have just been given a wash and a rinse. The details have been bandied about in the local press for the past two weeks, so the renewal and modification of Rent Stabilization rules isn’t much of a surprise to anyone.

Two of the highlights of the new law include:

1. The threshold for deregulating apartments was increased from a monthly rent of $2,000 to $2,500 per month.

2. Under the old law, landlords could pass on 1/40th of the cost of improvement and renovation to new tenant. Now, landlords can only pass on 1/60th of the cost of repairs, thus making it more difficult to purposely price an apartment out of the rent stabilization law.

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Written by Lorenzo

Lorenzo has been hanging around the office for the past 24 years, and, in the process, has become the president of,, and His mission is to build into New York's largest no fee apartment rental service. Before, Lorenzo was a Regional Sales Manager for Time Equities, Inc., one of New York's largest converters of rental buildings to coops and condos. Lorenzo was once a part owner of Swift & Watson Real Estate in NYC's Greenwich Village.

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