Property Management
New York City Rent Stabilization Law applies primarily to:
AAll residential buildings in NYC
BPrivately owned buildings with six or more units built before a specified date✓ Correct
COnly publicly subsidized housing
DBuildings with fewer than five units
Explanation
NYC Rent Stabilization generally applies to privately owned residential buildings with six or more units that were built before 1974 (or were subject to rent control and deregulated). It limits rent increases and provides tenant protections.
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