Ordered that the judgment is affirmed, with costs.
The petitioner and a tenant executed a rent-stabilized, three-year, vacancy lease on June 16, 1981, to commence on July 1, 1981. Pursuant to Code of Rent Stabilization Association of New York City, Inc. § 42 (B), the lease contained a clause permitting the upward or downward adjustment of rent, retroactively or prospectively, to conform to any increases or decreases authorized by the Rent Guidelines Board. Pursuant...
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