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The DHCR recently updated its fact sheet related to demolitions. Demolitions have garnered more attention in recent years due to the sweeping changes made to rent regulations as a result of the Housing Stability and Tenant Protection Act (HSTPA). Passed in June 2019, HSTPA severely limited rent increases and the ability for owners to deregulate apartments after their rents had passed a certain threshold. A demolition remains as one of the few grounds upon which an owner may end a rent-regulated tenancy.
