My parents ( 1 retired senior citizen , 1 breast cancer survior and a minor son 16 year old) resides at a building that was built in 1910. It is consider regulated as Rent Stabilization I believe. We are located in NYC, the neighborhood has become a trendy hot spot and off course it would be the landlords dream to evict or have the old tenants moving out without compensating. Well my parents ran their mouth due to frustration that the apartment is broken up and needed renovation they asked the landlord to offer compensation, they agreed verbally on 15,000. Now this is the thing, I doubt $15,000 will last at all due to nyc living expense is so expensive, our rent is 800 a month for 2 bedrooms so its not bad. I do not live with my parents they live with my younger brother. I called the landlord and got the offer jacked up to 20k because I said they misinterpreted about getting compensated and now the landlord is saying she was planning to let us know she wants to take back the apartment for herself and she as the landlord has the right so. She does not even have to compensate us and its because of good will and since we are long loyal tenants she is compensating.
Does she have the rights to evict us ?
please let me have your opinion.

