In 1982, defendants conveyed the building in which the subject apartment is located to plaintiff's predecessors pursuant to a contract providing, in pertinent part, that defendants were "to remain in the apartment presently occupied by them, to wit [the subject apartment] for the remainder of their lives at a monthly rental of $120.00," no rent increases of any kind were ever to be imposed on defendants, defendants were not to sublease the apartment, and the contract was...
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