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What is the difference between Rent Control and Rent Stabilization?

CONTROL rent Stabilization
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What is the difference between Rent Control and Rent Stabilization?

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In New York City, Rent Control tenants are generally in buildings built before February 1, 1947, where the tenant is in continuous occupancy prior to July 1, 1971. Tenants who took occupancy after June 30, 1971, in buildings of six or more units built before January 1, 1974, are generally Rent Stabilized. See Fact Sheet #1.

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