How do you find out if your apt was deregulated properly? Market rate tenants in our building are paying $3000+ when prior stabilized tenants paid under $1000...Also, can this be challenged by 2nd or 3rd market rate tenants?
(see answer to someone else's question, below)
posted April 07, 2003 10:28 AM ... First, encourage the tenants in the other units to investigate whether their units were deregulated properly - chances are they weren't. A vacant unit does not become deregulated by virtue of it's vacancy. They can raise the rents to be sure -- and if they can get it above $2000, then they can deregulate it. But to get it above $2,000 - in this case -- the owner must spend over $52,000 in renovation costs. And tenants can challenge this.