Lee Scholarship Fund, Inc. v. Hollander

Plaintiff corporation is not exempt from rent control, under paragraph (a) of subdivision 2 of section 2 of the State Residential Rent Law-*770(L. 1946, ch. 274, as amd.), merely for the reason that its profits are required by its certificate of incorporation to be devoted to educational or charitable purposes. Neither is the rent ceiling removed from the apartment in question merely by reason of its having been rented in a furnished condition. The landlord should have carried to a conclusion its application to the rent commission for an increase in the maximum rent by reason of the added…