I currently reside in a Rent Controlled apartment. I expect my succession rights will be challenged. I am trying to understand worst-case scenarios.
My understanding is that Rent Control apartments must become rent stabalized apartments in the case of Vacancy Decontrol.
If my succession rights are not approved, will the apartment become rent stabalized, and does the new rent have to be calculated based on the "20%" formula, or can the LL attempt to increase the rent without any limitation?