A state Supreme Court justice in Manhattan has dismissed a recent lawsuit initiated by Brooklyn tenants against landlord John Catsimatidis. The tenants claimed he violated rent-regulation laws, illegally overcharging them at their rent-stabilized apartments. Tenants had been offered one month of free rent to compensate for ongoing construction at the building, resulting in a higher regular rent that was registered with the Division of Housing and Community Renewal (as opposed to the net effective rent). The dismissal of the case supports the argument from owners that they should not be punished for giving limited temporary rent concessions to tenants.
Read the full article in Crain’s New York Business
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