Posted by Erika on August 08, 1998 at 12:34:11:
In Reply to: Re: (Must provide more info) posted by TenantNet on August 02, 1998 at 14:37:22:
: If a coop, then it would not be RS and they can end the lease.
My mother's apartment building is a COOP and she is on the board. That is why I am privy to some information.
The neighbor above her an inherited lease. His father died and he inherited a large 2 bedroom apartment lease for $200 a month. The building cannot raise the lease because it IS either stabilized or controlled.
When the building went coop, they did NOT evict the existing tenants. They offered them $ to move. The one that stayed still hold a substantially below market lease. (Or possibly no lease.)
I know for a fact that they ARE RS apartments in her building. A co-op does not necessarily mean there is not stabilized apartments.
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