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sketchingthebook t1_jcizg2l wrote

Reply to comment by jay5627 in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail

Honest question from a setting where I cannot easily Google: don’t landlords have some leeway to un-stabilize a vacant apartment?

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jay5627 t1_jckbqkn wrote

high rent and high income used to be two big ways they would become unregulated, which is no longer a possibility after the changes in 2019. 421-A abatements would have to expire, or owners would have to combine units to deregulate them. I believe they can also put a lot of money into renovations and then raise the rent a % of the money they put into the reno

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