Warren A. Estis and Jeffrey Turkel HSTPA and Luxury Deregulation
On Feb. 24 of this year, the First Department, in '160 E. 84th St. Assoc. v. New York State Div. of Hous. & Community Renewal,' answered the question of whether an apartment is deemed "lawfully deregulated" on the date of the deregulation order, or on the later expiration date of the lease in effect. In their Rent Regulation column, Warren Estis and Jeffrey Turkel discuss the issue.
March 01, 2022 at 11:06 AM
8 minute read
The HSTPA, effective June 14, 2019, was a watershed event in New York City rent regulation. Among its most consequential provisions was Part D, which repealed high-rent and high-income luxury deregulation. L. 2019, ch 36, pt. D, §4. Luxury deregulation had been a prominent feature of the RSL since 1993.
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