Even if Albany eliminates vacancy bonuses for rent-regulated units, the city’s Rent Guidelines Board can simply implement a new one, members said Thursday. During a day-long hearing, the board discussed what actions its members could take if the state eliminates a 5 to 20 percent-plus rent bump landlords can apply when a rent-stabilized unit is vacated. The RGB hasn’t decided to apply a vacancy increase since the late 1990s, when the state’s vacancy bonus was […]
source https://therealdeal.com/2019/04/25/if-the-state-kills-the-vacancy-bonus-a-new-one-could-respawn/
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