Petitioner had applied on December 18, 1957, for a hardship rent increase pursuant to subdivision 7 of section 33 of the State Rent and Eviction Regulations. On July 2, 1958, it conveyed title to the present owner. The contract of sale provided for adjustment of rents as of July 2, 1958, pursuant to the pending application and any retroactivity allowed therein upon the basis of that application. The rent increase application was...
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