Q & A No. 1
What is a Golden Duplex?
Rental units on a two unit property where one unit was, on December 31, 1979, and is, currently, the principal residence of at least a 50 percent owner of record, are EXEMPT from rent stabilization AND good cause for eviction requirements, and need not be registered with the rent board. (See Regulation 13.76.050)
Needless to say, people have sometimes gone to great lengths researching the status of their property at the end of 1979! The quickest and easiest way to do this is to contact BPOA. We have the property tax records for 1979. If your property address notes in 1979 that the owner of record took a homeowners exemption on their taxes, then your property could be considered a Golden Duplex. Email us or call us for more information.
