A prospective tenant is viewing a rent-stabilized apartment in the Bronx. The current legal rent is $1,950 per month. What document should the landlord provide to demonstrate the apartment's rent stabilization status and legal rent history?
Correct Answer
C) Rent Stabilization Lease Rider and DHCR rent registration records
Landlords must provide a Rent Stabilization Lease Rider with all rent-stabilized leases, and DHCR rent registration records document the legal rent history and confirm the apartment's rent-stabilized status.
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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.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
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Previous Question
Under New York's rent stabilization laws, all of the following are valid grounds for a landlord to refuse to renew a rent-stabilized lease EXCEPT:
Next Question
A building owner in Manhattan purchased a rent-stabilized building and discovers that the previous owner never registered the apartments with DHCR and charged rents above the legal amounts. The current tenant has been paying $3,200 per month, but the legal rent should be $2,400. What is the most significant consequence for the new owner?