Thursday, February 7, 2019

Market-Rate Tenants have new chance to slash your rents

New court decisions mean you might be able to slash your rent and get back into rent stabilization

Some things have changed that could make it easier for you to get your apartment back into rent stabilization - even if it's been market-rate for over 4 years.  

What it means for you:

  • Rent that may be 1/3 or less of what you're paying now.
  • You can keep rents low for the rest of your life - or as long as you live here.
  • You'd have the right to choose a 2-year renewal lease.
  • Family members living with you could take over the rent stabilized lease if you leave. 
  • You could challenge a loss of services without fearing retribution. 
What are the changes?