KSB Broadway Associates, LLC v. Sanders

OPINION OF THE COURT

Order dated June 22, 2001 affirmed, with $10 costs.

*652Tenants’ most recent renewal lease expired September 30, 1999. Following the September 2000 dismissal of a prior holdover proceeding in which landlord claimed the premises had become exempt from regulation, landlord tendered a renewal lease retroactive to October 1, 1999, which tenants refused to sign. Under then extant Rent Stabilization Code (9 NYCRR) § 2523.5 (c), tenants had the option of having the renewal lease term commence either on the date a renewal lease would have commenced had a timely offer been made (Oct. 1,…