Loft units removed from rent regulation by prior sales of rights.
Tenants who occupied lofts during new window period sought declaration from the Loft Board that they are entitled to protected status under the Loft Law, including the right to rent regulation. Owner contended that units had been removed from rent regulation by virtue of prior sales of rights and fixtures by predecessor tenants. ALJ Ingrid M. Addison found that the legislature did not intend to re-regulate previously deregulated properties when it amended the law, and that the sales were binding on subsequent tenants. Matter of Grundon (in PDF) , OATH Index Nos. 2445/11 & 2446/11 (Nov. 16, 2011).