Similarly, the statutory rent proffered under rent control does not make good in hard cash the loss of the landlord's property right to reclaim the premises on expiration of the lease.
Under rent control, rents are set through a complex formula administered by the State Division of Housing and Community Renewal.
Keep the rodents under control.
Many of the apartments have remained under rent control and rent stabilization.
But tenants who do not file a complaint within two years of the first overcharge for apartments under rent control and four years for those under rent stabilization could lose the right to obtain any refund at all.
Subletting Under Rent Control Q -- I live in a rent-controlled apartment on the Upper East Side.
(In 2006, when the loan was originated, 119 of the building's 215 apartments were still under rent control, according to Morningstar, and 22 others were rent stabilized. The average rent for a rent-controlled apartment at the time was $1,154, while the average market-rate rent was $14,266).
"Under rent stabilization and rent control, if the landlord was providing electricity as of a certain 'base date,' the date when the building became subject to regulation, the service must continue until the state's Division of Housing and Community Renewal approves the conversion of the building from an 'electrical inclusion' to an 'electrical exclusion' building".
In her April 16 letter to the editor, Assemblywoman Deborah Glick comments on the definition of demolition under the Rent Stabilization and Rent Control Laws, as discussed in Josh Barbanel's article "A New Chapter in the Face-Off Between Tenants and Landlords" (April 2).
The New Rent Regulation Expiration Date Under the Rent Law of 2015, the rent regulatory laws, both rent control and rent stabilization, are extended through June 15 , 2019
