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Posted by Lilly on June 04, 2001 at 19:41:39:

In Reply to: Re: Rent control sublet posted by Lilly on June 04, 2001 at 13:17:31:

Naturally, you challenge the first stabilized rent, if it's really high, unless you can stipulate to a rent agreeable to both you and the LL. Otherwise, after you eventually get the prime lease in your name, the LL will charge whatever the market will bear or "market rent" thereafter stabilized, and you will file a fair market rent appeal with DHCR (within 90 days). Better, much better, to have an attorney do this and bypass DHCR. You'll get a better result sooner.

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: Naturally, you challenge the first stabilized rent, if it's really high, unless you can stipulate to a rent agreeable to both you and the LL. Otherwise, after you eventually get the prime lease in your name, the LL will charge whatever the market will bear or "market rent" thereafter stabilized, and you will file a fair market rent appeal with DHCR (within 90 days). Better, much better, to have an attorney do this and bypass DHCR. You'll get a better result sooner.


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