(i) may provide that once the plan has been
declared effective, if the tenant fails to purchase his or her housing
accommodation or the shares allocated thereto on the terms set forth in the
subscription or purchase agreement, or otherwise terminates or defaults on the
subscription or purchase agreement, such tenant may be evicted; and
(ii) may provide for a rental below the legal
regulated rent which shall not, upon the abandonment or withdrawal of the plan,
be increased to the legal regulated rent. If the plan is abandoned or
withdrawn, such tenant remains a rent-stabilized tenant.
(5) If a housing accommodation which was
subject to this Code is vacated or is rented to a new tenant after any plan
which affects such housing accommodation has been declared effective, and a
closing thereunder has occurred, such housing accommodation shall not be
subject to this Code.
(6) If a
building, group of buildings or development containing units to which this Code
applies is converted to cooperative or condominium ownership, the services
which shall be required to be maintained under this Code with respect to
housing accommodations which remain subject to this Code shall not be
diminished or modified without the approval of the DHCR as provided for in
section
of this Part.2522.4(e) or (f)