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State of New York Division of Housing and Community Renewal Office of Rent Administration Website: www.nyshcr.orgGertz Plaza 9231 Union Hall Street Jamaica, New York 11433NOTICE OF APARTMENT DEREGULATION.
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Rent dhcr deregulation FAQ
Market Rate Vacancy - The rent for the subject rent stabilized apartment has been lawfully raised to an amount equal to or greater than the Market Rate Threshold. The Market Rate Threshold for 2021 in New York City is $2,816.38. The last legal rent may be verified by the tenant by contacting DHCR.
With passage of the Housing Stability and Tenant Protection Act of 2019, effective June 14, 2019, high-rent and high-income deregulation is no longer permitted. For more information, contact NYS Homes and Community Renewal (HCR), the state agency which administers the rent laws.
Specifically, the NYC Rent Guideline Board limits how much a landlord may increase your rent each year. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This will apply to all leases signed between October 2022 to September 2023.
Under the rent stabilization rules, your landlord must mail you a lease renewal 90 to 150 days prior to the expiration of your current lease. If you do not return the lease within 60 days, the landlord may refuse to renew your lease and could move to evict you after the lease expires.
NYC Rent Guideline Board is responsible for choosing the maximum percent for a rent increase. In 2022, The Board set up a maximum of 3.25% increase for one-year lease periods and a maximum of 5% increase for a two-year lease agreement. These rules are in power for leases signed between October 2022 to September 2023.
Specifically, the NYC Rent Guideline Board limits how much a landlord may increase your rent each year. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This will apply to all leases signed between October 2022 to September 2023.
If an apartment is vacated with a legal regulated rent (Rent Stabilization) or maximum rent (Rent Control) of $2,500 or more per month, such apartment qualifies for permanent deregulation, and therefore for removal from all rent regulation. Prior to June 24, 2011, the threshold was $2,000.
In general, a landlord must offer all stabilized tenants renewal leases. They cannot simply deregulate a building.
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