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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.
[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."
DHCR has had significant oversight issues and received criticism over the years, particularly regarding its role in the regulation and enforcement of rent stabilization laws. [3] Tenants and advocacy groups have frequently pointed to several failures and systemic issues that have adversely impacted New York tenants.
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.
There might be some hope, given that the state passed SB 21-173 in 2021, which limits the amount of late fees landlords can charge, prolongs the time for paying overdue rent, and gives tenants ...
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 ...
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