Posted by Lilly Thall on October 24, 1998 at 08:39:02:
In Reply to: HELP-"New Leasable Space" destabilizatoin info. posted by Alan on October 21, 1998 at 23:40:09:
: I recently remember reading somewhere, (I think it was here on Tenant Net) that there is a Rent Stabilization regulation that permits Landlords to destabilize apartments if they change the physical space (e.g., knock out a wall and make a 1 bedroom into a large studio, or divide 1 room into two).
: Is anyone familiar with this regulation, and can you tell me the statute that applies? I think the phrase that describes the newly-renovated apartment is "New Leasable Space."
There are provisions for "first rents" if they change the outside dimensions of a unit or a gut rehab. In short they discard the old rental history and treat it as if it were a newly-created unit. The DHCR material has info on this.
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