What is the primary difference between rent-controlled and rent-stabilized apartments in New York City?
Correct Answer
C) Rent-controlled apartments are for tenants in continuous occupancy since before July 1, 1971, while rent-stabilized apartments are subject to the Rent Stabilization Law
Rent-controlled apartments are those where the tenant or their family has been in continuous occupancy since before July 1, 1971. Rent-stabilized apartments are governed by the Rent Stabilization Law and include buildings with 6+ units built before 1974 or receiving certain tax benefits.
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A landlord in New York City wants to remove an apartment from rent stabilization. Under what circumstances can a rent-stabilized apartment be legally deregulated?
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A tenant in a rent-stabilized apartment in Brooklyn has been paying $1,800 per month. The tenant discovers the landlord has been charging illegal rent overcharges for the past three years. Under New York's rent stabilization laws, what is the tenant's primary legal remedy?