New York Law Journal: Realty Law Digest

March 4, 2015

In his weekly Realty Law Digest column (subscription required), Scott Mollen analyzes two notable cases. In 42nd and 10th Assoc., LLC v. Ikezi, the court found that a tenant’s lease was properly terminated because the tenant used the apartment for “hotel purposes and profiteering” while advertising on Airbnb. In Borden v. 400 East 55th Street Associates, the court held that overcharged tenants may use class action suits to seek compensation provided they waive the treble damages available under the rent stabilization law.