Luxury Deregulation After J-51 Benefits End

, New York Law Journal

   | 1 Comments

In their Rent Regulation column, Warren Estis and Jeffrey Turkel of Rosenberg & Estis write: Although the rules for rent stabilized apartments are clear, it remains to be seen how other courts will view DHCR's ruling that high income deregulation is forever prohibited for rent controlled apartments where the building in question has received J-51 benefits.

This article has been archived, and is no longer available on this website.

View this content exclusively through LexisNexis® Here

Not a LexisNexis® Subscriber?

Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

What's being said

  • not available

    The authors create a fiction of rent regulated "buildings" in order to make an argument that is contrary to the applicable statute and decisions. Neither Warren nor Schiffren were about rent stabilized buildings, they were about apartments. An entire building could be completely rent regulated or partially rent regulated or not rent regulated at all. Under RSL 26-504(c) if the apartment itself, not the building, was rent stabilized prior to receipt of J51 benefits, it reverts to rent stabilization status, with the possibility of luxury decontrol, after the expiration of the benefits. If, however, the apartment had been deregulated prior to receipt of the J51, and thereafter made subject to rent stabilization solely due to the J51, it cannot be luxury decontrolled upon expiration on the benefits. In addition, if it was unlawfully decontrolled while in receipt of J51 benefits, it cannot be luxury decontrolled upon expiration of the J51 benefits.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202645406754

Thank you!

This article's comments will be reviewed.