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Posted by TenantNet on October 11, 1997 at 16:41:23:

In Reply to: Can a landlord in a co-op raise the rent by any amount to force posted by Robert on October 10, 1997 at 13:49:25:

: Can a landlord in a co-op raise the rent by any amount to force the
tennant out in order to re-rent at the higher price? Or do they have to
occupy?

This applies to NYC. If you were in occupancy when the conversion occurred,
then you are rent stabilized (if you were rent stabilized before the conversion).
But the next tenant to occupy the premises (who was not in occupancy when
the conversion occured) is not rent stabilized and has no protections,
so if that's your situation, then you are unregulated and the current
lease is your only protection. At the expiration of the current lease the
owner may choose to not re-rent to you or he may raise the rent to whatever
he wishes. And if you have no lease, then you are a month-to-month tenant,
where 30 days is required for termination notices.

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Comments:
: : Can a landlord in a co-op raise the rent by any amount to force the 
: tennant out in order to re-rent at the higher price? Or do they have to 
: occupy?

: This applies to NYC. If you were in occupancy when the conversion occurred,
: then you are rent stabilized (if you were rent stabilized before the conversion).
: But the next tenant to occupy the premises (who was not in occupancy when
: the conversion occured) is not rent stabilized and has no protections,
: so if that's your situation, then you are unregulated and the current
: lease is your only protection. At the expiration of the current lease the
: owner may choose to not re-rent to you or he may raise the rent to whatever
: he wishes. And if you have no lease, then you are a month-to-month tenant,
: where 30 days is required for termination notices.


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