April 2008 Settlement of Interest
We represented new owner of residential building in Park Slope, Brooklyn where Rent Controlled Tenant substantially altered the apartment without landlord's consent and faced termination of her tenancy. Tenant's rent had not been raised in approximately twenty years. Landlord and tenant agreed to settle the matter by having landlord pay tenant for the alterations, and thereafter charge tenant a substantial Individual Apartment Increase based on such improvements, which nearly tripled tenant's rent and will facilitate regular, lawful increases going forward. The Division of Housing and Community Renewal approved the settlement.