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    Court of Appeals Rules Tenant’s West Village Apartment Is No Longer Rent-Stabilized

    Rent Stabilization  •  West Village

    West Village. Image credit: Heath Brandon.

    Post-vacancy increases included in calculation for rent stabilization deregulation. On April 26, 2018, the New York Court of Appeals held that vacancy increases are included in determining if the rent amount triggers deregulation of a rent-stabilized apartment. Richard Altman sued 285 West Fourth LLC, its landlord, asking the court to declare that his apartment is subject to rent stabilization and requiring the landlord to offer Altman a rent-stabilized lease. Rent stabilization provides tenants with rates for rent increases set once a year by the Rent Guidelines Board limiting how much a landlord can increase the rent. (read more…)

    Tags : apartments, legal regulated rent, Rent Stabilization Law, rent stabilized, statutory threshold, vacancy increases, West Village
    Date:05/24/2018
    Category : Court Decisions
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