Rent-Stabilized Tenant Didn't Receive 421-a Lease Riders
LVT Number: #30391
Landlord applied for high-rent/high-income deregulation of tenant's rent-stabilized apartment in 2017. The DRA ruled against landlord because the apartment was rent regulated due to building's receipt of Real Property Tax Law Section 421-a tax benefits. Since the lease in effect when the benefits expired didn't contain the required notice under Rent Stabilization Law Section 26-504(c) that the apartment would be subject to deregulation when the tax benefits expired, the apartment remained rent stabilized until tenant moved out.
60th Street Development II, LLC: DHCR Adm. Rev. Docket No. HQ410011RO (8/20/19) [3-pg. doc.]