DHCR Updates Policy Statement on Decontrolling Rent-Controlled Apartments

The DHCR recently updated Policy Statement 2014-1, which details the filing requirements upon the vacancy of rent-controlled apartments. The automatic rent stabilization coverage has not been changed. If your building has six or more units, a decontrolled apartment automatically falls under rent stabilization when the new tenant signs a lease. The DHCR will continue to regulate the apartment’s rent and the services you must provide.