Posted by Joe on April 15, 2000 at 17:31:37:
This one's a bit complicated, so I'd be impressed if anyone could answer...
I (tenant A) am currently living a rent stabilized apartment with one other tenant (tenant B). Our lease which we are considering signing runs from 7/1/00 to 6/30/01. In the year 1999 our combined adjusted income was $177,000. We were under $175,000 in 1998. I understand the rent code to state that two consecutive years of combined income greater than $175,000 was required to destabilize an apartment.
I would like to resign the lease, but with another tenant (tenant C).
I have three questions:
1) Do I still qualify for rent stabilization if tenant C signs the lease with me as of 7/1/00 (he is a student and we would certainly be under the limit)? Put another way: Does a 'new name on the lease' remove the rent stabilization?
2) If the combined income of tenant C and I is below $175,000 for 2000, would our rent remain stabilized at least through 2002?
3) Can the landlord destabilize the rent in mid-lease? I.e., can he start charging us more in January even though our lease runs through June?
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