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The 1918–1920 New York City rent strikes were some of the most significant tenant mobilizations against landlords in New York City history. [2] A housing shortage caused by World War I had exacerbated tenant conditions, with the construction industry being redirected to support the war effort.
[7] [8] The law institutes new limits on the amount spent on major capital improvements (MCIs) and individual apartment improvements (IAIs) that can be recovered through increased rent, [9] [10] which tenant groups contended were subject to "routin[e] abuse" by landlords seeking to "jack up rents and push out tenants."
The Emergency Tenant Protection Act of 1974 (ETPA) expanded rent stabilization to other parts of New York State. [ 24 ] The Local Law 30 of 1970 introduced a new method of rent control price calculation, based on the Maximum Base Rate, which adapted to the changing costs faced by landlords, allowing them to pass those costs on to renters.
Feb. 12—A new law regulating tenant screening fees, in an effort to protect renters and provide more transparency in the rental application process, will take effect May 1. A new law regulating ...
Homeownership has long been known as a tool for building wealth and lifting Americans into the middle class. But a new report highlights other ways in which renting burdens many households ...
Despite the Big Apple's recovery, which has seen rent prices surge anew, landlords and tenants are still suffering from the overhang of the pandemic's worst days.
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