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State punts question of rent increases on vacant stabilized apartments to city

Among the many questions landlords have asked since the passage of New York’s new rent stabilization law concerns vacant apartments: Can rent increases approved by the Rent Guidelines Board be applied to these units? The state’s housing regulator just weighed in and the answer is … maybe. In a recent memo, the state division of Homes and Community Renewal advises that it will be up to the city’s RGB to determine if landlords can increase […]

The Real Deal New York

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