CITY TURNS DOWN LANDLORDS' CODE; Lindsay Issues Ultimatum on Revising Rent Plan -- Council Gives Warning CITY TURNS DOWN LANDLORDS' CODE
NYC and City Council, after hearing, reject code proposed by real estate Indus for landlords' self-regulation under new rent stabilization law; Lindsay calls code unacceptable and says indus must submit new code; Councilman Manes says if indus does not rewrite rules then Council will; Manes scores Rent Guidelines Bd for allowing 10% increases on 1-yr leases; Real Estate Stabilization Assn pres Tompkins defends code; some at hearing urge approval of Weiss-Katzman bill calling for extension of rent control law to include 400,000 uncontrolled apts