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Rent Stabilization to Permanently Exempt??

Started by renter2011
almost 15 years ago
Posts: 3
Member since: Dec 2010
Discussion about
Hi - need some help. Not sure how to ask my question, but here goes.... As per the rental history ("Registration Apartment Information") from DHCR, the rent-stabilized apartment was recorded as changed to Permanently Exempt because of high rent vacancy (VAC/LEAS) but tenant actually renewed and did not vacate? (Legal Regulated Rent is over $2000). Does this make any sense?
Response by alanhart
almost 15 years ago
Posts: 12397
Member since: Feb 2007

Yes, if tenant then paid market rate; or if landlord gave tenants what amounts to a "preferential rent" (although that particular term is irrelevant in the case of a market-rate apartment).

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Response by goodgracious
almost 15 years ago
Posts: 21
Member since: Apr 2009

bit confused renter2011: How did apt. qualify for vacancy destabilization if tenant did not vacate? Did it qualify via high income destabilization?

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