Vacancy Rent Exceeded Deregulation Threshold
LVT Number: #28336
Landlord applied in 2016 for high-rent/high-income deregulation of tenant's rent-stabilized apartment. The DRA terminated the proceeding because a vacancy occurred in the apartment and the rent exceeded the deregulation threshold for high-rent vacancy decontrol. Therefore, the apartment wasn't under the DHCR's jurisdiction. Landlord appealed, seeking clarification of the DRA's order. The DHCR dismissed the PAR. The initial registered legal rent for the apartment when current tenant moved in was $5,737.50 per month. The apartment therefore wasn't under the jurisdiction of the DHCR because a vacancy had occurred, and the legal regulated rent was equal to or greater than $2,700 per month. No modification of the DRA's order was needed.
290 Riverside Co., LLC: DHCR Adm. Rev. Docket No. FT410027RO (2/7/18) [3-pg. doc.]
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