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no vacancy allowance for sublet

Posted by chelsea on June 10, 2001 at 01:41:45:

In Reply to: Re: vacancy (sublet) allowance question- new rules posted by JJ on June 09, 2001 at 23:20:36:

The vacancy allowance still only applies once for a given tenant. It doesn't apply to a subtenant. The primary tenant still holds the lease, so only the regular guideline increase applies. 10 percent sounds like a overcharge to me, unless I'm misunderstanding something here.

What the recent code amendments did was allow landlords to charge more than one vacancy allowance if more than one new PRIMARY tenant moves in during a given lease period (known as piggybacking). So, if a landlord moves three successive tenants in and out of an apartment during one year, he could get an increase of more than 60 percent, instead of "only" 20 percent. Before, the landlord was restricted to one increase in a given lease period, given that one guideline increase more than compensated for rising operating costs as calculated by the Rent Guidelines Board.

By the way, maybe someday soon will post the complete amended RSC, not just the amendments. :)

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