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 …
Loft Law
David Invalidates Loft Law Sale of Rights; Client Wins Big Overcharges
One of the chief differences between the Loft Law and rent stabilization is that the former allows tenants to “sell” their rent regulation rights to the landlord. Multiple Dwelling Law §286(12) . …
David Wins Rent Stabilization Coverage for Loft Tenant
In 1999, David’s client attempted to purchase the fixtures and move into a loft covered by the Loft Law. The landlord sued. The client, represented by different counsel, agreed to a stipulation …
