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Permanently Exempt Rent Status

Posted by Sid on December 13, 2001 at 08:11:44:

I live in a 20 unit building in the East Village. I was suspicious I was getting overcharged for my apartment. I obtained a rent history from the DHCR. My apartment was listed as Rent Stabilized until 1998 when it was changed to "Permanently Exempt" and the legal rent is now listed as "exempt." The rent has increased by eight hundred dollars since then. What is this Permanently Exempt status? Can you legally switch an apartment from rent stabilized status?

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