Democratic lawmakers turn their attention to rent-regulation reforms in Albany

With the state budget out of the way, officials are now focusing on a series of sweeping changes to New York’s rent regulation laws. Assembly Speaker Carl Heastie on Tuesday announced a package of bills that seek to eliminate vacancy decontrol and bonuses, as well as the programs that allow landlords to increase rents based on renovation work (major capital improvements and individual apartment improvements). Another seeks to change how preferential rents (amounts below the […]

source https://therealdeal.com/2019/04/09/democratic-lawmakers-turn-their-attention-to-rent-regulation-reforms-in-albany/