Posted by Lilly on January 24, 2001 at 21:16:00:
In Reply to: landlord DOUBLED rent... can they do this posted by trish on January 24, 2001 at 19:02:11:
With the new regs, the LL must give 60-90 days notice prior to the expiration of your lease-you then have 30 days (possibly more-but assume 30) to respond. After you move out the LL can charge whatever he wants-but if the next tenant pays a rent lower than what you're now paying as a de-regulated tenant, that next tenants rent would be called a "preferential rent" because it's lower than what LL could legally charge. If that preferential rent happens to be less than $2000 that specifically does not mean that the apt becomes stabilized again-Once that "preferential rent tenant"(grammer!) moves out, LL can again charge whatever the mkt will bear, a billion dollars if he can get it, or $1 if he so chooses. But never again will that particular apt be stabilized , unless of course there is a really valid (or not so valid) reason to think the apt was deregulated illegally, and would be for DHCR and/or the courts to decide. If there was a lawsuit over that and the court ruled that the apt had been deregulated illegally, the DHCR would just about have hissy fits for years.....
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