New York Rent Laws
RSL Table of Contents
NYC Rent Stabilization Law of 1969
Sec. 26-507. APPLICATION TO CERTAIN MULTIPLE DWELLINGS
PURCHASED FROM THE CITY.
a. Notwithstanding the provisions of any local law or
regulation promulgated pursuant to the rent stabilization
law of nineteen hundred sixty-nine or the emergency tenant
protection act of nineteen seventy-four, upon the sale in
any manner authorized by law of a multiple dwelling which
was previously subject to the provisions of any such laws or
acts which was acquired by the city in a tax foreclosure
proceeding or pursuant to article nineteen-A of the real
property actions and proceedings law, all dwelling units
within the multiple dwelling shall be subject to the rent
stabilization law of nineteen hundred sixty-nine, as
amended, at the last rent charged by the city, or on behalf
of the city, for such dwelling unit.
b. If a unit which was subject to this chapter at the time the
city so acquired title is occupied by a tenant who was in
occupancy at the time of acquisition and remains in
occupancy at the time of sale, such tenant shall be offered
a one or two year lease at the rent provided in this section
as soon as practical at the sale of the multiple dwelling.
c. This section shall not apply to redemptions from city
ownership pursuant to chapter four of title eleven of the
code.
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