Subletting a rent stabilized apt for higher amount than actual rent legal?

[Ricardo S.]

I applied for a rent stabilized apartment a got approved. The rent is $700/month for 2/1 apartment in a new constructing high rise. Is it legal to sublease the apartment for a higher amount than the actual rent price? Market rent is about $1500/month. Assuming I let the landlord know about the sublet but don't include the amount the new renter will be paying to me.

 Can this be done? 

[Richard C.]

1.  You can't charge more than the stabilized rent;

2.  You are required to provide the landlord the sub-lease;

3.  The landlord can and will charge you a sublet fee;

4.  You are only entitled to the apartment if it is your primary residence;

5.   This type of crap is exactly why rent stabilization is a bad idea.