rent stabilization


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rent stabilization

See rent control.

References in periodicals archive ?
Those regulations bear some similarities to rent stabilization, but they are tailored to the process of moving the building towards legalization.
Three of the Harmon's six apartments are subject to rent stabilization laws.
Hempstead Plaza is subject to rent stabilization with the exception of 30 units that are fair market, and offers tremendous future rent upside from its current average rent of $896 per month/unit.
The Mayor's approach is clearly distinguishable from, and superior to, the other large source of affordable housing: the rent stabilization system which places the subsidy burden on the backs of property owners with potentially disastrous consequences, such as the housing deterioration and abandonment witnessed in the past," Freund said.
Approximately 72% of the units are subject to rent stabilization while the remaining are free market.
While the survey shows a strong increase in the City's housing stock, the vacancy rate is significantly lower than the 5% threshold mandated by State and City laws to justify the continuation of rent control and rent stabilization.
The claim comes in the wake of what the Rent Stabilization Association called a "totally inadequate" rent increase approved by the mayoral-appointed Rent Guidelines Board.
According to Jack Freund, vice president of the Rent Stabilization Association, a landlord's group, building maintenance expenses outweigh income from rent stabilized apartments by about 20% at the current time.