Posted by fred jerome on March 28, 2001 at 05:14:03:
Our building is an old structure, nearly 100 years old, in Manhattan, still entirely a rental with 100 units, approximately two thirds are rent stabilized or rent controlled. Rent stabilized have written leases.
Have there been any legal challenges to the new four-year limit in determining the legal, regulated rent (replacing subdivision (f) of section 2520.6)? If so, what is their status? Are any such challenges currently pending? Have any of them dealt specifically with the issue of the four years immediately prior to the passage of the statute (1993-1997)? Also, if the statute was passed in 1997, what is the significance of its includion in the Rent Stabilization Code this past December (2000)? Did it not apply or not fully apply prior to its includsion in the RSC?
Any help will be gretly appreciated.
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