New Owner Not Responsible for Triple Damages Chargeable to Net Lessee
LVT Number: #30412
Tenants sued landlords in 2013 for rent overcharge and improper deregulation of their apartments. The court found that tenants were rent stabilized, that there were overcharges based on fraud, and that triple damages applied for willful overcharge. Tenants had sued both landlord and a 99-year net lessee that took over the building's nine residential units during a condominium conversion in April 2013. In 2014, another landlord bought the entire building, while the net lessee remained in place. The court granted the net lessee's request to join the new landlord to the case.
Arnold v. 4-6 Bleecker St. LLC: 2019 NY Slip Op 32683(U) (Sup. Ct. NY; 9/5/19; Chan, J)