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Newark Rent Control Office  Form

Newark Rent Control Office Form

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nearly half of all apartments in New York City are rent stabilized that's causing big problems for some lenders thanks to a 2019 law that many didn't think of much at the time Leslie picker joins us now from a very special place I think I see there to explain what this is all about Leslie yeah David this here is what an apartment can look like when a tenant moves out of a rent stabilized apartment after living here for nearly 30 years at the time this apartment went for $775 per month for a full year it sat vacant because the landlord says it needs $50,000 worth of Renovations just to bring it up to code since 2019 many such Renovations have been unaffordable for landlords because of a New York law that cap that caps rent stabilized increases at 3% in order to tackle housing affordability in the city as a result property values have plummeted 60 to 70% Over The Last 5 Years A degradation that is now trickling down to the property lenders New York Community Bank work bei

Related searches to Newark Rent Control Office

Newark NJ rent increase percentage 2024
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