McKee's Media - July 16, 2019

ARTICLES OF INTEREST TO TENANT ADVOCATES LANDLORDS REACT TO NEW LAW:  The Real Deal: Game over: After monumental  reforms, landlords brace for fallout as business  model of forcing rent-regulated tenants out in  name of profit is ended pdf version: file:///C:/Users/Michael%20McKee /Downloads/Game%20Over.pdf   Lois Weiss: Landlords wig out over rent law  reforms (New York Post) Georgia Kromrei: How some landlords are trying  to get around the new rent law (The Real Deal)    WTEN News: New rent control law will have impact  on upstate New York (VIDEO) Albany Business Review: Capital District landlords  get training on new law, anticipate lobbying against  more pro-tenant changes next year Marc Goldstein: I will let my 400 rent-stabilized  apartments deteriorate because of new rent law  (Daily News OpEd) Ross Barkan: Landlord who ran OpEd in Daily  News saying he will let his buildings fall apart  because of new rent laws cannot legally do that  (Gothamist) Eddie Small: Despite new rent law, Meridian  Properties buys two Brooklyn rent-stabilized  properties for $35 million (The Real Deal) . . . by suing in federal court:

Tremendous Victory in Albany: 2019 Housing Stability and Tenant Protection Act

After years and then finally months and weeks and days of tremendous pressure by tenants, and a change in party-control of the NYS Senate (yay, elections!), we now have the 

Housing Stability and Tenant Protection Act of 2019.

The new law will change many things state-wide for tenants.  Instead of making it easier for landlords to replace lower-paying tenants with higher-paying tenants (a great investment tactic for hedge funds), the new law makes it easier for tenants to keep their homes.   The summary below is not complete and is not legal advice. (See some other summaries here and here.)  In addition, the rent laws no longer have an automatic "sunset" date.  They are permanent, which may be why landlords have filed suit in federal court to undo the rent law changes. 

Click on "read more" for a comparison chart of some of the changes between what we had and what is in the new 

Housing Stability and Tenant Protection Act of 2019.

In addition, read explanations about it 

at 

https://kbllp.com/newrentlaws/, 

https://www.law.com/newyorklawjournal/2019/07/09/impact-of-the-new-nyc-rent-law-on-landlords-and-tenants/ and 

http://itkowitzteachingandpublishing.itkowitz.com/2019/06/michelles-no-bs-guide-to-rent.html