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Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases. In New York City, rent control is based on the Maximum Base Rent system. A maximum allowable rent is established for each unit.
DHCR has had significant oversight issues and received criticism over the years, particularly regarding its role in the regulation and enforcement of rent stabilization laws. [3] Tenants and advocacy groups have frequently pointed to several failures and systemic issues that have adversely impacted New York tenants.
[7] [8] The law institutes new limits on the amount spent on major capital improvements (MCIs) and individual apartment improvements (IAIs) that can be recovered through increased rent, [9] [10] which tenant groups contended were subject to "routin[e] abuse" by landlords seeking to "jack up rents and push out tenants."
The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. NYC bans unusual practice of forcing tenants to pay real ...
The Supreme Court declined Tuesday to hear challenges to New York’s rent stabilization laws, which impose strict rules on how landlords can lease some units in the Empire State.
NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to ...
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