What happens when a landlord tries to sell his company, but the deal falls through?
Water damage and cracks.But George Nuñez, an Iris property manager, says his company began souring on the deal well before the rent law had passed. The issue, according to him, was that Dukler had sold Iris the building on false grounds.
In May, Iris Holdings Group sued the Duklers, arguing that the Duklers had conned them into the purchase by concealing the 2002 rent freeze. In a countersuit, the Duklers argued that the “actual reason” Iris had tried to back out of the deal was due to the new rent law. Meanwhile, Iris had taken “all benefits, income and profits” from the new buildings, while failing to pay the Duklers the agreed 50 percent of rent, the Duklers’ counterclaim alleged. Depositions began last month.
Stamp says the only thing that’s gotten repairs going is the rent strike: “It’s been generations that we’ve just taken what they give us. And they never thought we would rise up like this.” Now, with the strike passing one year, Iris seems to have adopted a conciliatory tone. There was a small breakthrough last week when Nuñez met with residents and pledged that Iris would present a plan by mid-December to make comprehensive repairs.
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