How To Get A Rent Stabilized Apartment In Nyc

As people diedand in New York City thousands of people didtheir rent-controlled and rent-stabilized units were often reclaimed by landlords and put back on the market at market rent.

How to get a rent stabilized apartment in nyc. In addition to the locked-in affordability factor there are some other benefits of rent stabilization as well. Figure out which apartments are rent. An easy place to get started is on Craigslist the popular online classified site which features hundreds of apartments that are advertised as rent-stabilized.

Rent-stabilized units in new construction are typically not attractive as they are often stabilized at an above-market rent for example you may sign a lease for a 1 bedroom apartment in a new development for 3000month but that will likely be a preferential rent due to market conditions while the actual stabilized rent could be hundreds or thousands more making it easy for the landlord to raise rents as they see fit. Know what rent stabilization is. New York City tenants rights are very strong so its no wonder that it can be difficult to deregulate a rent-stabilized investment property.

As a tenant of a rent-stabilized apartment you have the right to occupy a working updated apartment. You should contact NYS Homes and Community Renewal HCR the agency which administers the rent laws to find out if your apartment is rent stabilized. While there are some important exceptions the rule of thumb is that just about any apartment in a building with six or more apartments built before July 1st 1974 and not substantially rehabilitated is stabilized.

Fortunately a handful of the popular NYC rental apartment aggregate websites such as Transparentcity Streeteasy Renthop and Zumper all have a nice feature function that allows renters to filter through the descriptions of their listings where posters are writing in the description if the apartment is rent stabilized. You can use the Ask HCR web portal to find out if your apartment is rent stabilized. THE CITY reported on an expansion of housing vouchers to include homeless youth.

Upon lease renewal owners can begin charging any amount up to the registered legal stabilized rent including the years Rent Guidelines Board allowable increase. It just means that you shouldnt get a rent increase said Shapiro from Met Council. A rent-stabilized tenant doesnt need a new lease.

Move in and stay put. Rent stabilization protects tenants from sharp rises in rents. If an owner filed after the lists were compiled or not at all a building will not be on our lists but may still contain rent stabilized apartments.