causing the economy of a rent controlled market to experience far less economic stimulus by private enterprises which in turn affects thousands of jobs.
In rent controlled environments, rental apartments are often occupied by tenants who "got lucky" by moving in when rent controls were first initiated, but who, years later, don't need a subsidized living arrangement.
The cost to the taxpayers of rent subsidy for those in rent controlled
apartments amounts to hundreds of millions of dollars.
According to the 1996 Housing and Vacancy survey, there are 70,572 rent controlled
apartments, constituting 3.
In the case of rent controlled
tenants, the loss of "essential services" - which includes the undefined "living space" - could call for a reduction in the maximum bass rent calculation.
Since Governor George Pataki mentioned a $50,000 cutoff figure for incomes as one possibility he was considering for deregulation last week, those making over that amount total 230,789 families in rent stabilized apartments and 8,423 in rent controlled
The principal documentary evidence introduced by the deceased tenant's family members was a rent controlled
fuel adjustment form from the 1970's, which bore the name of the tenant's brother, and three money orders; one of which had the nephews name written on it, and the other two bearing the nephew's first name initial, followed by the same last name as the prime tenant.
This "magic date" was established by the 1971 Vacancy Decontrol Law, which provides that a Rent Controlled
apartment that is vacated on or after July 1, 1971 is decontrolled.
Recently, Turkel helped win a challenge made by the sponsor of a cooperative building, and slowly, more owners have been able to achieve hardship increases, particularly for rent controlled
And unfortunately, more co-ops have taken on the direct ownership of rent stabilized and rent controlled
and a vice president of the Community Housing Improvement Program (CHIP), another owners' organization, owns and manages 300 stabilized apartments, a number that includes about 25 rent controlled
units as well as co-ops in Queens and Washington Heights.
This aspect of the law applies to both rent Stabilized and rent controlled