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The Landlord Management team includes experts in rent stabilization. It is essential that your property manager is aware of the specifics and variations of each building you own and/or rent.

Along with restrictions on rent increases, rent stabilization offers renters rights. Tenants have the right to obtain necessary services, to have their leases extended, and to be evicted only for reasons permitted by law.

We have vast expertise managing mandatory yearly filings and documentation, capital improvements, and lease renewals in stabilized units, as well as day-to-day tenant contacts. Building tenancy studies, annual rent registrations with the DHCR, and submissions for registration are given to our property owners.

Criteria for Rent-Stabilized Apartments:

1. The building must be built before 1974.

2. The building must have six or more units.

3. The monthly rent must not exceed $2,700.

The apartment is no longer rent-stabilized if the rent goes beyond that threshold.

4. The tenant’s annual income must be less than $200,000 per year.

How Can I Tell if a Rental Unit Is Rent-Stabilized?

Tenants can check their lease agreement, contact the landlord or management firm directly, or perform a public record search through the New York State Division of Housing and Community Renewal to find out whether an apartment is rent-stabilized.

You can submit a form here, and find out from DHCR if your unit is rent stabilized. 

Read more here!

Are There Any Requirements For Qualifying To Rent a Rent-Stabilized Apartment in New York City?

While there aren’t any explicit conditions to achieve in order to rent a rent-stabilized apartment in New York City, tenants might need to satisfy certain income or credit criteria imposed by the property owner or management firm. Additionally, certain rent-stabilized residences could be set aside for particular groups, such as senior citizens or those with disabilities.

Read more about the requirements here!

Can I Kick Out a Tenant of a Rent-Stabilized Unit?

In New York City, an owner may refuse to renew the lease of a rent-stabilized tenant if the owner has an immediate and compelling need to own the apartment for use as his or her home residence or the principal residence of his or her immediate family.

If an owner regains ownership of an apartment, the owner must use it as the owner’s or an immediate family member’s principal residence for three years, otherwise the owner may lose the right to rent increases for other flats in that building for three years.

An owner cannot evict a tenant from a rent-stabilized apartment in New York City if the tenant or the tenant’s spouse is 62 years of age or older, has been a tenant in the building for 15 years or more, or is a disabled person, unless the owner provides an equivalent or superior apartment at the same or lower rent in a nearby area.

Curious how to go about dealing with unruly tenants in a rent-stabilized unit? Read more here!

Reach out to us at Landlord Management to learn more about rent control in NYC or to hire a property management company that is ready to handle rent-stabilization guidelines and regulations.