Rent-Stabilized Tenants Refuse to Renew
LVT Number: 8301
Landlord took over a building that was owned by the city for several years, and asked the DHCR what he could do if previously rent-stabilized tenants refused to renew their leases. In an opinion letter, the DHCR pointed out that rent-stabilized tenants who lived in a building when the city took it over continued to be rent stabilized when the city later sold the building to a private landlord. Landlord must then offer tenants the option of one- or two-year renewal leases at stabilized rent guidelines increases, and give tenants 60 days to refuse or accept the offer. If tenants refuse to renew, landlord can sue to evict.
DHCR Opin. Ltr. by Nathaniel Geller (5/5/93) [2-page document]