NYC Housing Court Glossary
Preferential Rent
Plain EnglishYour landlord charges you less than the legal max — and that's now locked in
Legal Definition
When a rent-stabilized landlord charges less than the maximum legal regulated rent. Under HSTPA 2019, landlords can no longer raise preferential rents to the higher legal regulated amount upon lease renewal.
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Practical Tip
Under HSTPA 2019, your preferential rent is frozen as your base rent. Your landlord can't suddenly jump to the higher 'legal regulated' amount.
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