Definition: Rent stabilized apartments are governed by regulations that dictate the amount of rent and the percentage rent can be increased year over year. Rent stabilization is a form of rent control. Rent stabilized apartments can be found in New York City and some other parts of New York state, as well as parts of California.
While rent stabilization is a form of rent control, in New York City, the terms are distinct and apply to two different types of apartments. Check out the Rent Control and Rent Stabilization Factsheet for a description of these differences.
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