As you may or may not be aware, New York State made sweeping changes to its Rent Laws in June 2019. While many of the changes were aimed at rent stabilized and rent controlled apartments, there are a number of changes that affect market-rate apartments as well, and the way you will need to conduct your business moving forward as a Landlord.
Below is an info-graphic outlining some of the pertinent changes to market-rate apartments and also a link to an article from a property manager with a more detailed look into the changes.
If you’d like to discuss how these changes will affect you, lets set up a call to discuss. If you have additional questions or need further clarification on the law, we suggest you reach out to a residential real estate attorney who can offer you further guidance on the best way to comply with the new laws. Our “go to” attorney over the years has been Jonathan Feinsilver. Please reach out to us. We are more than happy to make an introduction.
