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 Apartment Deregulation 2014

Notice High Rent 2014-2025 Form

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[Music] first we're going to talk about what does it mean when you have rent stabilization it basically I'm on page four it basically means three general things number one a rent stabilized tenant really can't be evicted they can be evicted for cause but it has to be very good cause it's very hard to a victor in stabilized tenant number two it means that the rent is depressed artificially the rent can only go up by certain percentages that'll that are promulgated by the rent guidelines board and number three rent stabilized tendencies come along with a tremendous amount of paperwork there's an 11-page rider that you have to put on a rent stabilized lease you have to register annually with the dhcr lots of stuff like that rent stabilized tendencies I should also say they last a long time they can often be handed down within a family children of rent stabilized tenants will have succession rights so when a building has rent stabilized tenan

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