NYC Rent Regulations Expire Today (New York, Albany: home, tenants, luxury)
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Of course. There are only two reasons why the Senate Republicans care about rent regulation:
1). It gives them leverage on the Assembly and Governor on issues they do care about
2). It gives the real estate lobby reasons to make huge campaign contributions to them, to get the terms the real estate lobby wants in the renewals.
I really wish the Republicans would let the regs expire, and stay expired. This would have the result of forcing a lot of the old line Democrat voters out of the city. It might be too much to hope that the city would turn conservative, but might be less ridiculously liberal.
Quote:
Originally Posted by NooYowkur81
Negotiations are going on but most of it is not about the rent regs themselves. This is a just being used as a political tool.
Of course. There are only two reasons why the Senate Republicans care about rent regulation:
1). It gives them leverage on the Assembly and Governor on issues they do care about
2). It gives the real estate lobby reasons to make huge campaign contributions to them, to get the terms the real estate lobby wants in the renewals.
I really wish the Republicans would let the regs expire, and stay expired. This would have the result of forcing a lot of the old line Democrat voters out of the city. It might be too much to hope that the city would turn conservative, but might be less ridiculously liberal.
Those that are called conservative still would not be living in NYC. Gun regulations, the city is full of immigrants, gays, etc. None of that will change. The city's underclass would still be in public and other welfare housing. And for most of the outer boroughs the difference betwern market rate and rent stabilization is not so great. In short most people would not be severely effected and you'd see no real change.
They'll move here because the jobs are, and will continue to be, here. That's what I did. I'm politically incompatible with NYC. I should have moved away years ago, but haven't yet.
Quote:
Originally Posted by NyWriterdude
Those that are called conservative still would not be living in NYC. Gun regulations, the city is full of immigrants, gays, etc. None of that will change. The city's underclass would still be in public and other welfare housing. And for most of the outer boroughs the difference betwern market rate and rent stabilization is not so great. In short most people would not be severely effected and you'd see no real change.
Smart landlords would be wise to get a team of lawyers to figure out what they can do here. Seems to me if the RS laws expire LL's should send out certified letters to all RS tenants that their apartment is no longer RS and that after the current lease expires, the rent is now at market rate $X,XXX. Even if the lease is good for another 9 months they should send notices right away and then fight the State in court when they try to pull those retroactive shenanigans
There is a long history of renewing RS "late" and making it proactive so don't think it would count as "shenagigans".
Landlords know unless RS laws are either permanently repealed and or allowed to lapse without *any* hope of renewal (highly unlikely), they have few cards to play.
A bulk of RS tenants are downstate in particular NYC where housing court judges tend to overwhelming favor them. It would be a vast waste of time to go though the motions you mentioned and landlords know it already.
Smart landlords would be wise to get a team of lawyers to figure out what they can do here. Seems to me if the RS laws expire LL's should send out certified letters to all RS tenants that their apartment is no longer RS and that after the current lease expires, the rent is now at market rate $X,XXX. Even if the lease is good for another 9 months they should send notices right away and then fight the State in court when they try to pull those retroactive shenanigans
And thereby open themselves up to harassment lawsuits - as they are keenly aware.
Some would be justified and some not. In our current climate it seems as though the "nots" always make out like bandits in the end somehow.
As I said, stabilization expiring does not invalidate existing leases. When the leases expire is when this could bite. I've heard something to the effect that if you're lease expires on or before 9/31 your LL still must give you a renewal lease under stabilization. I'm not sure how that works if the laws have expired, but I haven't dug into it. Maybe that could be challenged.
But the upshot is, the laws would have to expire, and stay expired for at least a few months, to really change anything.
As I said before, the real question is, what are the Senate Republicans going to demand in return for renewing the rent laws?
Quote:
Originally Posted by Harlem resident
And thereby open themselves up to harassment lawsuits - as they are keenly aware.
Some would be justified and some not. In our current climate it seems as though the "nots" always make out like bandits in the end somehow.
As I said before, the real question is, what are the Senate Republicans going to demand in return for renewing the rent laws?
They could potentially keep kicking the can down the road by extending month to month or on a single year basis
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