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We are trying to buy our rental appartment

Posted by Stephanie on March 19, 2001 at 13:06:36:

I have been renting my aparment with my husband in the West Village for 4 years. The rent has been steadily increasing by 5% every year unitl last year where it jumped by 15%. We have a 1 year renewable lease. Our building has about 100 apartments and is owned by a Management Company.
We would like to buy the apartment but the owner (a Management Company) tells us that it is not for sale, because it is a rental building.
What are the laws applying to rental buildings? Are there really no way to buy this apartment. How would we go about making them an offer.

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