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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