A First Department panel handed down the latest in a series of tenant-friendly decisions to emerge in the wake of the Court of Appeals' 2009 ruling that apartments in buildings receiving J-51 tax benefits cannot be deregulated.
December 05, 2012 at 12:00 AM
1 minute read
The new stabilized rent of an apartment that had been illegally deregulated must be based on its entire rent history, not just the last four years, a state appellate panel said yesterday.
The ruling is the latest in a series of tenant-friendly decisions to emerge in the wake of the Court of Appeals’ 2009 ruling that apartments in buildings receiving J-51 tax benefits cannot be deregulated.
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