Rent Regulation

Luxury Deregulation: The ‘ICF Service Date’ Rule

, New York Law Journal


In their Rent Regulation column, Warren A. Estis and Jeffrey Turkel explain how high-income luxury deregulation was added to the Rent Stabilization Law to address the issue of whose income is to be counted and discuss how the Division of Housing and Community Renewal developed a bright-line test, which, like most bright-line tests, is not entirely satisfactory and has led to results that have aggrieved both owners and tenants.

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