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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Corcoran v. Narrows Bayview Co., LLC, 125 N.Y.S.3d 404 (2020)

Citation
Corcoran v. Narrows Bayview Co., LLC, 125 N.Y.S.3d 404 (2020)
Parent Document
Corcoran v. Narrows Bayview Co., LLC, 125 N.Y.S.3d 404 (2020)
Jurisdiction
New York (state)
Effective Date
2020-05-28

Full Text

519 chars
When the prior tenants vacated on or about May 31, 2006 and plaintiff executed a two-year lease effective July 1, 2006, defendant was entitled to a 20% vacancy increase equal to $400 (20% of $2,000), bringing the legal regulated rent to $2,400 (see 9 NYCRR 2522.8). Additionally, defendant was entitled to a 5.75% rent guidelines increase of $138.00 (5.75% of $2,400) when plaintiffs executed a two-year renewal lease effective from July 1, 2008 through June 30, 2010. This resulted in a legal regulated rent of $2,538.