Legal Question in Real Estate Law in New York

if a new company buys the rent stabilized building i live in in manhattan can they raise my rent more then the stabilization rate when my lease is up


Asked on 8/04/14, 1:49 pm

2 Answers from Attorneys

Arnold Nager Arnold H. Nager, Esquire

Not legally.

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Answered on 8/04/14, 3:01 pm
Kevin Connolly Kevin J. Connolly

It depends. Is your present lease rent-stabilized? Is the rent more, or less, than $2000 per month (over $2000 and the apartment becomes de-stabilized).

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Answered on 8/05/14, 9:55 am


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