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WHITE PLAINS -- The Westchester Rent Guidelines Board voted 6-1 Thursday night to increase the rents on rent-stabilized apartments by 2.5% for one-year leases and 3.5% for two-year leases.
To begin hunting for a rent-stabilized place, you can look on a website like Craigslist that lets you search specifically for apartments under the term "rent-stabilized." Apartments regulated by ...
The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. [13] In June 2011, the New York State Legislature enacted the Rent Act of 2011. [13] It did the following:
The median rent-stabilized apartment goes for $1,500 a month, meaning a 2.75 percent increase works out to a $41 monthly rent increase. While rent-stabilized tenants' incomes are lower on average ...
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization. Eviction controls: codified standards ...
These laws include rights to lease renewal and constraints on annual rent increases, which are recalculated each year. [37] Despite their differences, rent stabilization has become more prevalent than rent control. For example, in New York City in 2021, there were 16,400 rent-controlled apartments compared to 1,048,860 rent-stabilized ...
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