Posted by TenantNet on February 22, 1997 at 10:48:26:
In Reply to: expiration of rent stabilization and leases posted by Gloria Lyrat on February 19, 1997 at 00:24:47:
: If Rent Stabilization expires, will leases already in
: effect be honored in formerly rent stabilized apartments?
: Also, if rent stabilization should be renewed this year,
: would it then expire unless renewed in one year from June,
: 1997, or does the issue come up only every two years?
Our understanding is that if things come to that, the leases will
hold until they would normally expire (one or two years). After
that, in the absence of rent regulations, landlords could offer
leases on their own terms or not offer leases at all. Rent
Control tenants would probably not get the same buffer. Historically
renewal of the rent laws occurred every two years, but this last time
(in 1993) they made it for four years.
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