Prior Landlord's Son Got Preferential Rent
LVT Number: 9896
In 1991 prior landlord gave his son a two-year ''sweetheart'' lease on a rent-stabilized apartment for $100 per month. New landlord later sued to evict tenant, claiming fraud. The court ruled against new landlord. The rent roll was disclosed to landlord when it bought the building. And preferential rents in rent-stabilized buildings are legal.
IDF Realty Associates v. Cols: NYLJ, p. 23, col. 4 (7/26/95) (Civ. Ct. Kings; Gould, J)