How does a rent stabilized apartment become deregulated through a vacancy?
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• Apartments under rent stabilization because the owner receives J-51 or 421-a tax benefits may become deregulated upon vacancy (or sooner if the owner follows the appropriate notice requirements. See the FAQ section J-51 and 421-a Housing for further information. • An apartment which was occupied by a stabilized tenant during the conversion to a co-op may become deregulated upon vacancy. See the FAQ section entitled Co-ops and Condos for further details. • Perhaps the biggest source of deregulation occurs through high rent vacancy deregulation, which is described below. Top | Main FAQ Menu Can an occupied apartment experience deregulation? Yes. Under some circumstances apartments in 421-a and J-51 buildings may become deregulated at the end of the last lease commencing during the period of the tax abatement. For more information about these programs see the FAQ section entitled J-51 and 421-a Housing. On rare occasions an apartment in a building converted to a co-op under an eviction
