Posted by JJ on June 22, 2001 at 08:21:51:
In Reply to: Re: Any new rules on vacancy allowances posted by Adam on June 21, 2001 at 14:00:10:
: My notes on the allowance are tough to read (it was a long night), but I believe that a supplemental allowance of 10% was passed by the board.
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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