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rent stabilized tennants in co-ops

Posted by Lisa on December 16, 1996 at 14:21:01:

My question concerns the status of tennants who did not purchase their apts
when their landlords co-oped their building in a non-eviction plan, but
remained as rent-stabilized lease holders. Is our status the same as renters
in rental buildings if rental laws are phased out? I seem to remember
someone saying that unlike leaseholders in rental buildings, sponser-owned
apt tennents would have protection from unreasonable rent increases(thus defacto
eviction)even if rent stabilization was phased out or repealed...does
anyone out there know if this is true???? Thank you

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