"The parties hereto agree that pursuant to the Rent Regulation Reform Act the subject apartment is de-stabilized and exempt from any rent regulatory control in that the prior lawful rent is $2,500.00 or greater."
Mike Akerly is a New York City real estate attorney, landlord, and real estate broker. He is also the publisher of the Greenwich Village blog VillageConfidential.
Note: The information provided here is for informational purposes only. It should not be construed as legal advice and cannot substitute for the advice of a licensed professional applying their specialized knowledge to the particular circumstances of your case.
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Renter's Survival Kit