How many rent controlled apartments in nyc

Group 38 Created with Sketch. Renters Property Managers. Rent Control vs. Rent Stabilization: What's The Difference? Posted by: TheGuarantors on August 26, Posted on: August 26, Rent Control vs. Posted by: TheGuarantors. Share this:. An apartment needs to meet specific criteria to qualify for rent control: The building must be constructed before The same family must have occupied the apartment since Rent stabilization also lasts forever as long as it meets specific criteria: The apartment building was constructed before There are six or more units in the building.

What makes rent stabilized apartment a better choice? It provides affordable housing in an otherwise expensive city like New York. Renters have the option to renew their lease at the end of the year without any hassles.

This step actually has a few different steps, and they all take some time and diligence. Let's break it down:. The document for Brooklyn is pages. However, the document does note if a building is stabilized because of a tax abatement, which is useful. Alternatively, you can search by address on DHCR's website , so if you spot a listing that you think might be rent-stabilized, you can look it up.

One important thing to note: Neither of these resources says which units in these buildings remain stabilized. It shows the highest concentrations to be in Upper Manhattan Harlem , the South Bronx, and central Brooklyn Crown Heights and Prospect-Lefferts Gardens , so these areas are a good place to start your search.

Use the tips suggested above to narrow the results in these specific areas. Narrow your search criteria: Since most buildings constructed between February 1, and January 1, contains rent-stabilized apartments, hone in on older buildings.

But remember: Not all of these will be stabilized, so your best bet is to cross-check with the databases referenced above. Ditto Craigslist , although the usual caveats when searching for apartments on that platform apply. TL;DR: You don't really care about finding a rent-stabilized apartment, do you? There is no shortcut here. If you've found a rent-stabilized apartment and are ready to sign the lease, congratulations!

You're almost there, but first you have to make sure your lease is actually a proper rent-stabilized lease. Here's an example of a standard rent-stabilized lease. Rent control laws also offer some pr. The roots of the program date to , when the federal government legislated a rent freeze in the city to fight wartime housing inflation.

In the following decades, state agencies gradually loosened these strict regulations, deregulating certain types of apartments as needed to maintain a balance among renters, landlords, and available housing. There are two types of rent regulated apartment in NYC: rent controlled and rent stabilized. Applies to apartments built prior to where the tenant has been living continuously since July 1, Rent controlled tenants can pass their apartment to a family member when they die if the family member had been living in the apartment for at least two years.

Applies to apartments built prior to that have more than six units. Newer buildings can voluntarily participate in rent stabilization in exchange for tax exemptions. The maximum rent increase per year for one- and two-year leases is set by the Rent Guidelines Board, which takes into account real estate costs as well as cost of living.

You are allowed to have one roommate who is not related to you, but that person has no right to take over your lease if you move out. The rent stabilized unit does have to be your primary residence. You can sublet your apartment under certain circumstances, but not for more than two out of any four years. Prior to this new legislation, landlords had a number of ways to take apartments out of rent stabilization.

If any of the following conditions applied, the unit would cease to be rent stabilized:. The landlord converted the apartment to a condo.