High Income/Rent Decontrol

Any tenant with a monthly rent of $2,500.00 or more as of April 1 of this year and every year moving forward may be subject to Luxury Deregulation. An apartment is deregulated when the monthly rent is $2,500 or more as of April 1 and the tenant(s) have earned a minimum of $200,000 for each of the prior two (2) years.

** Note: Any buildings that currently have J-51;421-a or other tax benefits are not eligible to file at this time. Also, any tenant receiving SCRIE or DDRIE is protected against Luxury Deregulation.

The attorneys at Mitofsky Shapiro Neville and Hazen, LLP assist clients with the Income Certification process and are available to answer questions.