Category Archives: Rentcontrol

NYC Tenant buyouts- New rules

Mayor Bill de Blasio is set to sign legislation that will curb communications between landlord and rent regulated tenants concerning buyouts. There are approximately 1.3 million rent-restricted apartments in NYC and some tenants complain of being harassed to vacate. According to LINK, some 266,000 apartments have been deregulated since 1994. Tenant advocacy groups say that tenants get repeatedly harassed into accepting offers and leaving. Tenant related harassment complaints have doubled since 2011 in city Housing Court.

With the new law, landlords would have to wait 6 months to re-approach a tenant who has rejected their offer to relinquish the apartment. What do you think? Is this going to curb harassment of tenants in rent regulated apartments?

NYC rent regulations end but continue

Legislators failed to come to agreement on new rent regulation laws by Midnight Monday but approximately 2 million people in NYC are being told that their leases remain in effect until the lease term ends. Also according to 7online, Governor Cuomo will  keep the legislator in session until an agreement is reached.  Democrats are in favor of continuation of rent laws to protect many New York city residents while Republicans want to extend the existing laws for 8 years. Of course building owners affected by rent control laws want deregulation and would make a windfall if that ever happened.

The Governor has warned any landlord who attempts to exploit the temporary end of the rent laws, that they will be prosecuted. According to reports, 311 has been swamped with phone calls of rent controlled NYC tenants who want to know what their status is right now. Mayor DeBlasio considers this an emergency along the lines of a major snow storm. What do you think they should do with the rent control laws?