Baja Realty v. Karoussos

In Baja Realty v. Karoussos (120 Misc. 2d 824, 825 [App Term, 1st Dept 1983]), where a tenant sent back his executed renewal two days late, the Appellate Term permanently stayed a warrant of eviction conditional upon the tenant's execution of a renewal lease at the appropriate rent guidelines percentage increase, holding that "it is clear that tenant had no intention of surrendering his stabilization rights, and simply miscalculated as to when his acceptance was due. Loss of the apartment would work in extreme hardship, to be weighed against no apparent prejudice to the landlord should tenant remain, other than the obvious financial advantage accruing from a vacancy."