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When a Rent Stab. apt. reaches $2000

Posted by ZuZu Quinn on July 02, 2000 at 14:13:51:

When a rent stabilized apartment's rent reaches $2000, what happens? Does the tenant have to then pay what becomes "fair market value" -- which can be sky high-- OR does the apartment become "fair market value" only after the tenant vacates at his/her own free will? I'm confused, and concerned for the future.
Thanks. Also, where can I get really good, concise info re: rent stab. rules and regulations. Something easy to understand.

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