Location, location, location. That's the Realtors' motto and people who rent in New York City understand this real estate concept better than most. Many of the city's apartments are rent-controlled or rent-stabilized. If you have a family member who lives in one of these apartments who dies, you may have "succession rights."
This means that you may be designated as the tenant of record if the apartment is rent-controlled, or if the apartment is rent-stabilized, as the leaseholder who can take advantage of renewal leases. Don't get too excited just yet, however. First, certain conditions must exist.