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What is a rent-stabilized apartment?

April 26, 2017apartment rent-stabilized

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What is a rent-stabilized apartment?

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Rent-stabilized units in New York City are those apartments in buildings of six or more units built between February 1, 1947 and January 1, 1974. Tenants are entitled to receive required services, to have their leases renewed, and may not be evicted except on grounds allowed by law.