Landlords have but one way to legally hike the rent more than a token amount annually: Persuade a tenant to leave, or prove the tenant lives elsewhere. Tenants say the global real-estate firm Tishman Speyer, which bought the complex last year for $5.4 billion, is engaged in a campaign to do both.
Tenants: It's Like They're Spying on Us!
Over the past few months, hundreds of tenants say they received non-renewal notices on their leases over suspicions that they reside elsewhere for at least 183 days a year.
The charges are based on evidence apparently culled by private investigators, from public records, property deeds, and credit applications databases. Leaseholders were stunned by the scope of the information.
TENANTS BLAST STUY TOWN 'SPYING'