Hello,
I have a somewhat technical question regarding how rent is figured to determine whether the high rent threshhold is met for decontrolling a rent-controlled apartment.
Prior to the latest rent law of 2015, the term "maximum rent" was used to define the threshhold. Was this the MBR, the MCR, or the actual rent?
The rent control law now in effect uses the term "regulated rent" when defining the current threshhold of $2,700. What does "regulated rent" mean in the context of a rent-controlled apartment?
Thanks for any insight.