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RENT REGULATIONS

A Look at Rent Law Changes

In 11 days, changes in the laws that regulate how much your landlord can charge in rent per month will begin to take effect.

However, the changes are not exactly what local tenant advocacy groups wanted. Many groups, including the Cooper Square Committee, Real Rent Reform, Tenants and Neighbors and the Good Old Lower East Side were hoping state legislators would eliminate the rent laws’ vacancy decontrol, which allows a landlord who renovates a unit to charge more in rent per month to a new tenant after the previous vacates the unit. Instead, vacancy decontrol remains in the law.

The renewed laws, which were passed in conjunction with but overshadowed by the passage of same-sex marriage in New York, affect the residents of 1 million rent-regulated apartments across the state. It also affects the landlords of those buildings.

In the video above, The Local’s Khristopher J. Brooks offers a breakdown of some of the most significant changes.