Posted by Saguaro on March 25, 2001 at 23:11:46:
In Reply to: Re: Rent Stabilization posted by gary on March 25, 2001 at 16:11:57:
There are lots of ways that some apartments in a building can be under rent stabilization and others not. Some new buildings are built under an "80/20" plan in which 20% are rent stablized for low and moderate income families and the rest are regular rents.
I don't see what is "ridiculous" about decontroling a $2000/month apartment. That's $24,000 a year - more than many folks MAKE in a year. To qualify for that you'd probably need to earn close to $100,000 annually -- someone with that kind of income ought to have no trouble finding a market rate apartment.
: Well, I think it is a fair assumption (someone correct me if I am wrong, please) that all apartments in your building are SUBJECT to rent stabilization if you rent them directly from management. However, as you know, if the rent is over $2,000 if may have been decontrolled under that ridiculous so-called "luxury" decontrol law.
: I really do not see the relevency of what year the building was built. If the database shows it to be rent stabilized, than you should proceed on that assumption.
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