NYC Rules of the City of New York
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RCNY § 26-11
If there is a sale of the business occupying a commercial unit, or a termination of the tenancy, any previously determined phase-in under 28 RCNY § 26-08 or 28 RCNY § 26-09 shall terminate immediately and the rent for the unit shall be the fair market rent as determined by HPD's staff, or by auction.
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