Landlord Must Continue Charging Preferential Rent
LVT Number: 18701
Landlord sued to evict rent-stabilized tenant. Landlord claimed that tenant's renewal rent was properly set at the legal regulated rent. Landlord discontinued tenant's preferential rent, based on Rent Stabilization Law Section 26-511(c)(14). Tenant claimed that he was entitled to continuation of the preferential rent upon lease renewal. The court ruled for tenant and dismissed the case. Landlord appealed and lost. Tenant's preferential rent lease rider specifically and unquestionably gives tenant a rent concession for as long as he remains a tenant. The lease agreement is binding.
Colonnade Mgmt. LLC v. Warner: NYLJ, 2/27/06, p. 29, col. 1 (App. T. 1 Dept.; Suarez, PJ, Davis, Gangel-Jacob, JJ)