Forum
« Recommendations for Plumbers? Varivalve for single pipe steam »
April 23, 2008
potential rent stabilization laws for 3+ family buildings
We should keep an eye on this one:
"Broadens the rent stabilization law of 1969 to include multiple dwellings
containing three or more dwelling units where current law applies to buildings
with six or more units."
http://assembly.state.ny.us/leg/?bn=A02754
Comments
Are the landlords going to get a full tax rebate for the lost rent or are they just supposed to subsidize the elderly without even making this means tested. Ridiculous.
Posted by: Brooklynnative at April 23, 2008 2:06 PM
No co-sponsor and it has been beaten down each of the last 15 years or so.
Disaster if it happens.
Posted by: guest at April 23, 2008 2:07 PM
This is a disaster for both landlords and elderly tenants. People just won't rent to seniors in their 3-family buildings and they will start weeding them out now.
Posted by: guest at April 23, 2008 3:23 PM
Why should landlords be worried about seniors? Don't worry -- they won't linger long, saving you the trouble of having to kick them out.
Posted by: guest at April 23, 2008 3:50 PM
If that law goes into affect, then seniors would be the only people to whom I would rent. Seniors who were about 90-95 years old.
Posted by: guest at April 23, 2008 4:04 PM
Only problem is if you rent to a 90 year old who has a 60 year old dead beat son who has a 30 year old dead beat daughter living with them, they will have the right of sucession to the apartment.
Posted by: guest at April 23, 2008 9:10 PM
If this goes through it will be a HUGE step backwards!!!
Posted by: guest at April 24, 2008 11:21 AM
Post a comment
Please be patient while your comment is published. It may take a moment.