Rent stabilization definition
Rent stabilization means allowing rent increases for residential premises of a fixed amount or on a fixed schedule as set by a political subdivision.
Rent stabilization means, collectively, the Rent Stabilization Law of 1969, the Rent Stabilization Code, and the Emergency Tenant Protection Act of 1974, together with any successor statutes or regulations addressing substantially the same subject matter.
Rent stabilization means, collectively, the rent stabiliza-
More Definitions of Rent stabilization
Rent stabilization or “RS” means and refers to government policies that (i) regulate how often and by what amount a landlord may increase the rent of housing units, and (ii) provide tenants with services and eviction protections; and any reference to “Rent Stabilized” or “RS” properties or units means and refers to properties or units that are subject to these policies.
Rent stabilization means the earlier of: (1) the date which is twenty-four (24) months after the Commencement Date; or (2) the date upon which (i) the Project shall have been ninety percent (90%) occupied for a period of 90 consecutive days, (ii) the construction loan has converted to its permanent phase, (iii) a 1.2% debt service coverage ratio has been achieved and (iv) the investor member’s capital contribution earmarked for stabilization has been made. Tenant hereby unconditionally warrants and represents that it will use its best efforts to ensure that the Project achieves Rent Stabilization as soon as possible.