Send Tenant 2019 DHCR Form If Rent Is $2,774.76 or More

Rent-regulated apartments with a legal or maximum monthly rent that has reached or exceeded $2,774.76 may be petitioned for high-income rent deregulation. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income/high-rent deregulation by raising the threshold from $2,500 to $2,700, with a stipulation that the threshold will be increased each Jan. 1 thereafter by the one-year renewal lease guideline percentage issued the prior year by the Rent Guidelines Board.

Full Article Access:

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

Not yet ready to subscribe?