Posted by JJ on June 22, 2001 at 08:20:32:
In Reply to: Any new rules on vacancy allowances posted by jk on June 21, 2001 at 13:04:02:
: In the press releases of the RGB vote there was no mention of vacany allowances. Does anyone have information about this?
NO: no new vacancy allowances.
Those obscene 18-20%+++ vacancy allowances for apartments (not SROs/hotels) were voted into law by our good friends in ALBANY in 1997.
The 10% special allowance is a sublet surcharge: tenant passes this along to her subtenant if the landlord asks for it.
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