Landlord Renaissance Realty is suing 12 tenants of two Crown Heights buildings it recently acquired, 285 Schenectady Avenue and 1646 Union Street, for refusing to sign new leases that would more than double their rents. At the heart of the matter is the controversial and confusing "preferential rent" policy, which essentially allows landlords to shaft longtime rent-stabilized tenants once their neighborhoods start to gentrify. [Village Voice; previously]
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