New York University v. Eckstein

OPINION OF THE COURT

*162By the terms of the parties’ so-ordered November 1995 stipulation executed in settlement of prior litigation, tenant was issued an initial rent-stabilized lease by petitioner New York University (NYU) “subject to all of the rights, benefits and obligations of rent stabilized tenants under the Rent Stabilization Law and Code” (emphasis added). The parties further agreed that in the event any court or agency thereafter found the apartment premises did not qualify for stabilization coverage, petitioner “cannot refuse to renew [tenant’s] lease except on the grounds of a breach…