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On July 15, 2019, an assortment of landlords and landlord groups initiated a legal challenge to the law in the U.S. District Court for the Eastern District of New York. [21] In a 125-page complaint , [ 21 ] the plaintiffs claimed that the Rent Stabilization Law – as modified by the HSTPA – violated their rights under Due Process Clause of ...
Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases. In New York City, rent control is based on the Maximum Base Rent system. A maximum allowable rent is established for each unit.
Many landlords would rent office space to small companies or start-ups. If those companies got into financial trouble, they would fail to make payments on the property but refuse to give up the space, forcing the property owners to go through the process of eviction. [1] This led to the demand, and creation of the Good Guy Clause.
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A city official cited thousands of illegal short-term rentals when defending the new rules in court, noting 43,000 on just Airbnb in 2018. Lawsuits filed by Airbnb and 3 hosts over NYC's short ...
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