Luxury Deregulation Applications 2019

Michael Littman, Partner

The deadline to file 2019 Applications for High Income Deregulation is quickly approaching.

Requirements to qualify:

  • The income threshold remains at $200,000 for the two prior years pursuant to the Rent Act of 2015
  • Tenant’s rent must be at least $2,774.76 as of April 1, 2019

What we can do for you:

Our office will file the Income Certification Form (“ICF”) and Owner’s Petition for Deregulation (“OPD”) for a flat fee of $475.00 plus disbursements. Hourly rates will apply for correspondence, appeals, etc. beyond these two (2) initial filings.

Note: If the building is subject to the J-51 or 421a tax programs, they are not eligible to be deregulated.

Documentation required no later than April 2, 2019:

  • The first page of the current tenant’s original lease
  • Leases for the past four (4) years or Rent Control filings; and
  • Any MCI orders, etc., affecting the legal regulated rent; and
  • Evidence of any other occupants in the subject apartment; and
  • Any other pertinent information regarding the tenancy as related to high income deregulation

We want to be sure you don’t miss this important deadline. If you have any questions, please call to discuss.

Very truly yours,
Michelle D’Elia, Senior Paralegal
Sidrane, Schwartz-Sidrane, Perinbasekar & Littman, LLP

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