Rent Stabilized Buildings
NYC buildings built before 1974 with 6 or more units are generally rent stabilized. Annual increases set by the NYC Rent Guidelines Board.
Rent Controlled Units
Applies to NYC tenants in pre-1947 buildings who have lived there continuously since before July 1, 1971. Maximum Base Rent adjusted by DHCR.
Right of Renewal
Rent stabilized tenants have the right to renew their lease. Landlord must offer renewal 90-150 days before lease expiration.
Preferential Rent
If landlord charges below legal regulated rent, the legal rent is the base for future increases — not the preferential rent (post-2019 HSTPA).
Individual Apartment Improvements (IAI)
Landlords may increase regulated rent for qualifying improvements, but increases are now capped at 1/168th of cost for buildings with 35+ units.
Outside NYC
Westchester, Nassau, Rockland, and other counties may have rent stabilization under the Emergency Tenant Protection Act (ETPA). Check local municipality.