Posted by chelsea on May 07, 2001 at 07:18:29:
In Reply to: rent stabilized tenant - new owner posted by chris on May 06, 2001 at 17:30:47:
The sale of the building doesn't affect the stabilized units -- they remain stabilized even if the building sells.
The units created when one of the apartments was divided would be subject to "first rent," i.e. the owner could charge a free market rent for the first tenant after the renovation but it would continue under stabilization with that first rent as a base. (Though if it's above $2,000 it might become exempt.)
The landlord is responsible for painting and repairs. If tenants have paid for renovations at the landlord's request, they should hold on to those receipts. Tenants shouldn't be have to pay rent increases for renovations they paid for.
The tenants should call the DHCR rent info line and ask for rent histories, sooner rather than later. In fact, now.
: Recently heard that the current owner of our rent stabilized building in Brooklyn is going to sell. Should tenants be concerned about being evicted by new owner?
: Info: All current tenants have leases, (some like myself have been here 15 years or more) Older building (early 1900's) Nine units. Six are stabilized. Owner occupied two units. Created 9th unit recently by dividing one of their apartments.
: Note: Tenants have a clause in all past leases stipulating that they would be responsible for cost/labor of painting and any other renovation within our units.
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