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Environmental Issues Ny Disclosure RequirementsRent_stabilization_rent_controlEASY

A building owner in Queens wants to convert rental apartments to condominiums. The building contains 20 rent-stabilized units. What notice period must the owner provide to rent-stabilized tenants before proceeding with the conversion?

Correct Answer

A) 180 days written notice

Under New York law, building owners must provide 180 days written notice to rent-stabilized tenants before proceeding with a condominium conversion plan. This extended notice period protects tenants' rights and allows time to make housing arrangements.

Answer Options
A
180 days written notice
B
90 days written notice
C
120 days written notice
D
30 days written notice

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Related Topics & Key Terms

Key Terms:

condo_conversion180_day_noticerent_stabilized_protection

Related Concepts

A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

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