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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. A 1971 ...
On June 11, 2019, State Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced that they had reached a "landmark agreement" on new rent laws. [6] Both houses of the New York state legislature passed the HSTPA on June 14, 2019, and Governor Andrew Cuomo signed the HSTPA into law later that day. [1]
A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.
New York City real estate brokers are concerned about a proposed change to city laws that would make landlords responsible for paying brokers' commissions for renting apartments. The broker fees ...
In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill of Rights" in an effort to improve rent affordability and ...
New York's rent control laws have also received criticism for inadvertently benefiting affluent tenants who might not otherwise need rental assistance. [41] Additionally, a survey of property owners who own or manage rent stabilized units in New York City found that rent regulations would lead to fewer non-essential improvements and proactive ...
Owning vs. Renting in New York City A one-bedroom apartment in New York City costs about $4,250 a month in gross rent. Yet, the median monthly housing costs for homeowners stand at about $2,991.
The housing movement in New York City was noted in this era for the prevalence of women in leadership, including at the Met Council; [6] in addition to Jane Benedict, other founders included Esther T. Rand [7] and Frances Goldin, [1] and other women in leadership roles early in the organization's existence included Mrs. Juan Sanchez [8] and Marie Runyon. [1]
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