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[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."
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.
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 ...
The Supreme Court declined Tuesday to hear challenges to New York’s rent stabilization laws, which impose strict rules on how landlords can lease some units in the Empire State.
The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. NYC bans unusual practice of forcing tenants to pay real ...
The final decision will be made by the city’s Rent Guidelines Board on Tuesday night and set the threshold on how far landlords can go in demanding more cash from tenants.
During the COVID-19 pandemic in New York City, the Council joined a group called Housing Justice for All, which included various organizations and tenant organizers. The group called for an eviction moratorium in New York [35] and offered training to tenants who wanted to organize rent strikes. [36]
NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to ...