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Posted by JV on April 17, 2000 at 21:00:54:

In Reply to: Nope, it's posted by brenda on April 17, 2000 at 16:38:55:

: Under the 1993 law (unless it's been changed since then) the rule is $250,000 in income for the preceding two years AND the rent is over $2000.
: If the apt. is vacant, however, it is decontrolled over $2000.

look it up from the homepage:

it's 175000., for the last two tax years.

and not just 'vacant': if the legal rent is 2000 while a legal tenant lives there AND then this tenant moves out, the next tenant is destabilized.

Follow Ups:

• Re: Nope, it's "and" (thank God!) brenda 04/18/00 (0)

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Comments:
: : Under the 1993 law (unless it's been changed since then) the rule is $250,000 in income for the preceding two years AND the rent is over $2000.
: : If the apt. is vacant, however, it is decontrolled over $2000.

: look it up from the homepage:

: it's 175000., for the last two tax years.

: and not just 'vacant': if the legal rent is 2000 while a legal tenant lives there AND then this tenant moves out, the next tenant is destabilized. 


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