There is no merit to petitioner's argument that DHCR lacks jurisdiction to establish the fair market rent of an apartment rented for more than $2,000 upon decontrol. Were such the case, a landlord could exempt itself from initial rent regulation of a decontrolled apartment simply by pegging the rent at a level above $2,000. That such was not intended is clearly indicated by the general applicability of fair market rent procedures to initially decontrolled apartments without...
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