How to Calculate Rent Increases for Temporarily Exempt Apartments

Rent-stabilized apartments are sometimes temporarily exempt from rent stabilization. For example, while they’re occupied by the owner they are considered exempt. But when a new tenant moves in, the apartment reverts back to stabilization. In addition, you can collect the rent guidelines increases you missed out on while the apartment was exempt by pretending you increased the rent during the exempt period. And in some instances you may be able to collect a first rent, which is not based on the prior rent history of the apartment.

Full Article Access:

Full access to complete articles from New York Apartment Law Insider is for subscribers only.

Not yet ready to subscribe?