Posted by me on December 13, 2001 at 21:31:20:
In Reply to: More info. posted by Sid on December 13, 2001 at 15:20:04:
The newest rent laws allow the apartment to be exempt once the registered rent goes above $2000 regardless of the value of the apartment. I have studios that (through vacancies) were registered at around $2400 but rent for $1700 and are exempt.
: I received a fairly extensive report from the DHCR, all the way back to 1984. In 1998 when the status was changed to exempt, it lists an MCI improvement, and something abbreviated VAC/LEASE. My rent has never been above two thousand. When I signed my lease it states:
: 1-The tenant hereby acknowledges that this apartment is not subject to any "Rent Stabilization" or "Rent Control" regulations whatsoever
: 2-The tenant hereby acknowledges that the legal registered rent for the subject apartment is 2,515.12. Tenant, however, shall pay a preferential rent of 1825.00 per month until the expiration of this lease.
: Is this legal? Did I screw myself? The supposed registered rent is not indicated on the DHCR rent history. In fact no rent is registered since the apartment was made "exempt."
: : It depends on why it was changed to exempt. You can legally do it if the rent legally climbs past $2000, through annual increases, vacancy rent increases, MCIs, etc. The rent history -- if you have the full rent history; not just the one-page registration overview -- should say why the apartment was deregulated, and what the rent was at the time.
: : (When I requested my rent history by mail from DHCR, I got only the one-page version. I had to tromp down there to get the full version, which has rents and more detail.)
: : : I live in a 20 unit building in the East Village. I was suspicious I was getting overcharged for my apartment. I obtained a rent history from the DHCR. My apartment was listed as Rent Stabilized until 1998 when it was changed to "Permanently Exempt" and the legal rent is now listed as "exempt." The rent has increased by eight hundred dollars since then. What is this Permanently Exempt status? Can you legally switch an apartment from rent stabilized status?
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