Legal Question in Real Estate Law in New York
if a new company buys the rent stabilized building i live in in manhattan can they raise my rent more then the stabilization rate when my lease is up
Asked on 8/04/14, 1:49 pm
2 Answers from Attorneys
Kevin Connolly
Kevin J. Connolly
It depends. Is your present lease rent-stabilized? Is the rent more, or less, than $2000 per month (over $2000 and the apartment becomes de-stabilized).
Answered on 8/05/14, 9:55 am
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