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For the most common type of conversion, a noneviction plan, to go into effect, at least 15percentt of the apartments in the building must be sold.
A. Lucas A. Ferrara, a Manhattan lawyer and editor of Landlord-Tenant Monthly, a publication for lawyers, said that in a noneviction plan conversion, the most common type of conversion in New York, rent-regulated tenants do not have to do anything to retain the right to remain in their apartments.
He explained that under the co-op and condominium conversion law a landlord needs 15percentt of the tenants in the building to agree to buy their units in order for the most common type of conversion -- a noneviction-plan conversion -- to be effective.
By law, he said, under a "noneviction plan conversion" -- the most common type of conversion of a building from rental to co-op in New York -- such tenants are entitled to continue in occupancy of their apartments for as long as they want, provided they continue to pay their rents on time and, if they have leases, to comply with the terms of their lease agreements.
There are several methods to do such type of conversion.
He is expecting this type of conversion activity to continue, but not with a spike.
Similar(34)
The table is indicating the different standard systems biology file formats and versions that can be currently imported/exported in BiNoM, as well as what type of conversions are possible.
There are several different types of conversion factors, and the conversion factors discussed are often categorized into three groups (Robeyns 2005: 99).
The coupled reactor separation recycle system shows four types of conversion versus plant Damköhler number bifurcation diagrams.
However, it has been pointed out by Chen et al. [27] that these types of conversion could lose the uncertainty of intervals in part during the transformation process.
According to Heesink et al. (1993), three extreme types of conversion behaviour are distinguished: core reaction limitation, product-layer diffusion limitation and grain reaction limitation.
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