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"It's a perversion of the rent stabilization laws".
When such tenants vacate an apartment, its rent is generally regulated by the rent stabilization laws.
In apartments that operate under the state's rent stabilization laws, there is no provision for short-term tenants.
Many brownstones have fewer than six units, and as such are usually not subject to rent stabilization laws.
Under the law, the landlord can show rents for comparable apartments to justify the establishment of the initial rent under stabilization laws.
I know that developers consider it a struggle to rid a building of tenants protected by rent control and rent stabilization laws.
Similar(36)
The United States Supreme Court declined to hear a suit that challenges New York City's rent stabilization law.
Under the rent stabilization law, she said, a subtenant may be charged 10percentt above the legal rent for a furnished apartment.
A "The Rent Stabilization Law and Code delineate what payments an owner can demand from a tenant," said Sherwin Belkin, a Manhattan lawyer who represents property owners.
It's right there in Section 26-511(c)(9)(b) of the New York City Rent Stabilization Law: the owner of a rental building can claim "one or more dwelling units for his or her own personal use".
But because of changes in the rent stabilization law, the apartment reverted to a market-level rental several years ago, and since their lease will expire next year, the couple decided it was time for a change.
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CEO of Professional Science Editing for Scientists @ prosciediting.com