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Posted by brenda on April 18, 2000 at 11:03:10:

In Reply to: Re: Nope, it's posted by JV on April 17, 2000 at 21:00:54:

: : Under the 1993 law (unless it's been changed since then) the rule is $250,000 in income for the preceding two years AND the rent is over $2000.
: : If the apt. is vacant, however, it is decontrolled over $2000.

: look it up from the homepage:

: it's 175000., for the last two tax years.

: and not just 'vacant': if the legal rent is 2000 while a legal tenant lives there AND then this tenant moves out, the next tenant is destabilized.

You're right! I didn't factor in the horrible 1997 "rent reform" law, which lowered the income level to 175,000.
It is still "and," however, fortunately.

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Comments:
: : : Under the 1993 law (unless it's been changed since then) the rule is $250,000 in income for the preceding two years AND the rent is over $2000.
: : : If the apt. is vacant, however, it is decontrolled over $2000.

: : look it up from the homepage:

: : it's 175000., for the last two tax years.

: : and not just 'vacant': if the legal rent is 2000 while a legal tenant lives there AND then this tenant moves out, the next tenant is destabilized. 

: 
: You're right! I didn't factor in the horrible 1997 "rent reform" law, which lowered the income level to 175,000.
: It is still "and," however, fortunately. 


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