Posted by MJ on June 12, 2000 at 11:08:07:
In Reply to: Re: Rent Stabilized Leases Still Available? posted by Will on June 11, 2000 at 19:00:21:
"The only way an apartment leaves stabilization no matter what it rents at is when the landlord files for de-stabilization after the first tenant to pay over $2000 vacates . . ."
Different MJ here from the original poster, wanting to get clarification on exactly what is required for a landlord to file for destabilization--I've read the 1993 amendment but had trouble following it.
If you're the first person to pay $2000 or more for a rent-stabilized apartment, the apartment will remain rent-stabilized until you vacate it? I've seen other posts here about what permits a landlord to apply for destabilization that made it sound like if you pay $2000 or more, regardless of whether you are the first tenant to do so or not, then the landlord can file for destabilization.
And how does the earning more than $250,000 for two calendar years figure into this? Is it that if you earn $250,000 two years in a row, then regardless of whether you were the first person to pay $2000 or more, the landlord could file for destabilization?
Or is the the landlord can apply for destabilization only if the current tenant has made more the $250,000 in the two preceding calandar years AND is paying more than $2000/is not the first tenant to pay $2000 or more? So that regardless of whether the $2000 rule applies to anyone who pays $2000 or more or just to the people after the first person to pay $2000 or more, if you haven't made $250,000 in the two preceding calendar years, then the landlord cannot apply for destabilization?
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