Posted by mediaman on December 26, 1996 at 11:39:11:
In Reply to: rent stabilized tennants in co-ops posted by Lisa on December 16, 1996 at 14:21:01:
Under a non-eviction plan, sponsor owned apartments are subject to the same regulations (i.e.- Renrt Stabilization or Rent Control) which prevailed at the time the buildsing was converted. The sponsor assumes all the liabilities and responsibilities of any landlord.
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