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Guide to Rent Increases for Rent Stabilized Apartments

hcr.ny.gov

a preferential rent, upon renewal of the lease, can increase the legal and preferential rents by the lawful rate increases but only collect an increase based on the preferential rent. The higher legal regulated rent and related increases can only be collected when the apartment is vacated and rented to a subsequent tenant. See Fact Sheet

  Entr, Preferential, Preferential rent

FACT SHEET - New York State Homes & Community Renewal

www.nyshcr.org

Web Site: www.nyshcr.org E-mail address: rentinfo@nyshcr.org Revised (10/17) Rent Infoline (718) 739-6400 #40 pg. 3 of 4 3. In this example, the owner can terminate the collection of the preferential rent at the time of the

  York, States, Community, Renewal, Home, Entr, Nyshcr, Preferential, New york state homes amp community renewal, Preferential rent

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