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Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,733.75 may be petitioned for high-income rent deregulation. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income high-rent deregulation by raising the threshold from $2,500 to $2,700 with a stipulation that the threshold will be increased each Jan. 1 thereafter by the one-year renewal lease guideline percentage issued the prior year by the Rent Guidelines Board.
