Rent Reduction Order Froze Collectible Rent at Preferential Rent
LVT Number: #30236
Rent-stabilized tenant complained of rent overcharge. The DRA ruled for tenant and ordered landlord to refund $12,880, including triple damages. Landlord appealed and lost. Landlord argued that the DRA applied the wrong base rent date and failed to consider that the building was purchased at a judicial sale. The DHCR noted that the DRA did consider that due to a regulatory agreement with the Attorney General, tenant had accepted a rent credit through April 2014. So the DRA used April 2014, rather than December 2011, as the base date for calculating the overcharge.
Sheridan 1511 LLC: DHCR Adm. Rev. Docket No. GQ610049RO (5/1/19) [5-pg. doc.]