Preferential rent

The actual rent charged by an owner to a tenant that is less than the established legal regulated rent. Effective with passage of the Housing Stability & Tenant Protection Act of 2019, owners must base renewal lease increases on the preferential rent.

Preferential rent is listed under:
Housing
Rent Regulated Housing
Related Terms:
421a
Affordable Housing
Area Median Income
Certificate of No Harassment (CONH)
Empire State Supportive Housing Initiative (ESSHI)
Extremely Low & Low-Income Affordability (ELLA)
FHEPS/CityFHEPS
Harassment
Holdover eviction
Homes and Community Renewal (HCR a.k.a DHCR)
Housing Stability and Tenant Protection Act (HSTPA)
Individual Apartment Improvements
J51
Low Income Housing Tax Credit (LIHTC)
Major Capital Improvements
Market Rate Housing
Mix & Match
Nonpayment eviction
Overcharge
Participation Loan Program (PLP)
Project Based Vouchers (PBV) Section 8
Public Housing
Rent burdened
Rent Controlled
Rent Guidelines Board
Rent Regulated Housing
Rent Stabilized
Resolution A
Right to Counsel (RTC)
SCRIE/DRIE
Section 8
Senior Affordable Rental Apartments (SARA)
Shelter System
Subsidized Housing
Subsidy
Succession Rights
Supportive Housing
Supportive Housing Loan Program (SHLP)
Tax Break
Tenant Interim Lease program
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