Renting Apartments and Credit: How to Prepare Before Applying

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On this page, you will find basic guidelines for determining if your apartment might be rent supported in addition to downloadable listings of buildings in New York City which contain lease stabilized apartments. The lists do not suggest which apartment or condos in these structures are lease stabilized, however rather, only those buildings which contain at least one lease supported unit.

In addition, a searchable database of buildings that that are signed up as containing rent supported units is offered from NYS Residences and Community Renewal (HCR) below. How to Inform If a Building Is Lease Supported In general, lease supported buildings: Consist of 6 or more units; Were constructed prior to 1974; Are not co-ops or condos; However, not all apartment or condos in these buildings might be rent stabilized.

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Have had a lease of less than $2,500, if an occupant at first moved into the apartment in between June 24, 2011 and June 14, 2015. Have had a rent of less than $2,700, if a tenant at first moved into the home in between June 15, 2015 and December 31, 2017. Have had a lease of less than $2,733.

Have had a rent of less than $2,774. 76, if a renter at first moved into the apartment or condo between January 1, 2019 and June 13, 2019. With passage of the Rent Laws of 2019, reliable June 14, 2019, the high-rent vacancy deregulation provision, ending lease policy for a home when the rent for that apartment crossed a set threshold and the unit became uninhabited, was repealed.

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For example, if you moved into the house before the structure was transformed to a co-op, the house may be stabilized. Likewise, freshly built structures that receive 421-a or J-51 tax exemptions may be rent stabilized, even if the lease goes beyond the above lease thresholds.  https://squareblogs.net/birchcanoe9/apartment-and-student-housing-what-you-need-to-know  supported building lists only consist of buildings whose owners registered with the NY State Residences and Community Renewal (HCR).

The way to understand if your house is rent stabilized is to call NYS Residences and Community Renewal (HCR), the state company which administers the lease laws. You can utilize the Ask HCR web portal to discover if your apartment is lease stabilized. How to Use the Lease Stabilized Structure Listings Structures are organized by postal code.