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Posted by Lilly on June 25, 2001 at 01:36:42:

In Reply to: signing a lease rider posted by dsc on June 25, 2001 at 00:42:05:

Why won't your apartment be subject to rent stabilization in 2 years?
It sounds like there is a tax abatement on your building. J-51, 421-a?How long have you lived there? Need more info, but even if you weren't rent stabilized when you moved in, the granting of a tax abatement during your tenancy means that you became stabilized and will remain so even after the expiration of the tax abatement, as long as you live in that apartment. Once you move out of that apartment, it is not longer stabilized.

Am I correct on this?

Follow Ups:

• Re: signing a lease rider dsc 06/26/01 (1)
  • Re: signing a lease rider Lilly 06/26/01 (0)

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Comments:
: Why won't your apartment be subject to rent stabilization in 2 years?
: It sounds like there is a tax abatement on your building. J-51, 421-a?How long have you lived there?  Need more info, but even if you weren't rent stabilized when you moved in, the granting of a tax abatement during your tenancy means that you became stabilized and will remain so even after the expiration of the tax abatement, as long as you live in that apartment. Once you move out of that apartment, it is not longer stabilized.

: Am I correct on this? 


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