Landlord Claims Prior Landlord Misrepresented That Apartment Was Deregulated

LVT Number: #30333

New landlord of apartment building sued prior landlord for fraud and breach of contract based on claimed misrepresentation that certain units were exempt from rent stabilization. After new landlord purchased the building, an unregulated tenant complained to the DHCR that he was rent stabilized and entitled to a renewal lease. The court granted prior landlord's request to dismiss the case as premature.

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Garendean Realty Owner, LLC v. 14 Lincoln Place, LLC: Index No. 2017-01426, 2019 NY Slip Op 06380 (App. Div. 2 Dept.; 8/28/19; Mastro, JP, Dillon, Maltese, Nelson, JJ)