In New York City, almost half of all rental apartments are rent stabilized, which grant tenants legal protections in how much rent can go up each year and how long they can rent the apartment.
Basically, the landlord of a rent stabilized apartment is legally prohibited from hiking up the rent or pushing tenants out. Rent stabilized leases can provide peace of mind for many New York City renters.
This guide will walk you through how to figure out if your apartment qualifies for these protections…