I requested lease history after the suggestion to do so. Not too familiar with stabilized laws, but thought does not hurt. I receive back the information and this is basically what it shows as far as rent history the approximate values for the following years:
1998 $885 LEAS/RNL
1999 $1045 VAC/LEAS
2000 $1235 VAC/LEAS
2001 $1455 VAC/LEAS
2002 $1715 VAC/LEAS
2003 $1785 LEAS/RNL
2004 $2090 VAC/LEAS
2005 $2150 LEAS/RNL
2006 EXCEPT High Rent Vacancy
No prefer. rent or actual paid rent information was disclosed on the form.
It appears between 1998 and 2002, the unit had four consecutive vacancy increases, and actually five in a six year period. These large vacancy increases apparently pushed the legal rent price high enough so it could be made an exempt unit. Are multiple consecutive vacancy increases allowed? Even if not, is this too long ago for anything to be done? Thank you so much for any insights you may be able to offer.