A building constructed in 1972 in Manhattan contains 15 rental units and has never received any tax benefits. What determines whether this building is subject to rent stabilization?
Correct Answer
A) The building is automatically subject to rent stabilization based on its construction date and number of units
Buildings constructed before 1974 with 6 or more rental units are automatically subject to rent stabilization in New York City, regardless of whether they received tax benefits. This building meets both criteria with its 1972 construction date and 15 units.
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A rent-stabilized tenant in Brooklyn wants to sublet their apartment for six months while traveling abroad. Under New York's rent stabilization laws, what is required for a legal sublet?
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Under current New York rent stabilization law, a rent-stabilized apartment can be removed from regulation in all of the following circumstances EXCEPT: