Property Management
Under New York's Housing Stability and Tenant Protection Act of 2019 (HSTPA), high-rent vacancy deregulation and high-income deregulation were:
AExpanded to cover more apartments
BEliminated; apartments can no longer be deregulated based on rent level or tenant income✓ Correct
CUnchanged from prior law
DLimited to Manhattan only
Explanation
The HSTPA of 2019 eliminated high-rent vacancy deregulation (which had allowed apartments to be deregulated when rent exceeded a threshold and the unit became vacant) and high-income deregulation (which had allowed deregulation of high-rent units occupied by high-income tenants). These changes significantly limited landlords' ability to exit the rent stabilization system.
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