Recent changes to rent stabilization embodied in the Housing Stability and Tenant Protection Act of 2019, have greatly expanded the circumstances in which a landlord is liable for rent overcharges. You should investigate your situation! Under prior law, except in the rare case of provable fraud, the statute provided a firm “four-year rule.” That is, […]
Journal
Loft Law Expanded
On June 25, Gov. Andrew Cuomo signed the “Loft Law Clean Up Bill.” The new legislation enacts several important changes to the Loft Law. First, it re-opens the application process and, except for certain portions of the North Brooklyn Industrial Business Zone in Bushwick, eliminates any deadline for applications. Second, it creates a new “window […]
Historic Changes to Rent Regulation
On June 14, 2019, Governor Andrew Cuoma signed a historic packet of legislation, dubbed the “Housing Stability and Tenant Protection Act of 2019″, ushering in major changes to rent regulation in New York City. The legislation marks the most sweeping changes to the rent laws since 1993, when the Republican-controlled legislature enacted a slew of […]
