Changes to the rent regulation laws might’ve eventually driven some landlords to go condo or co-op. That is, if proposed legislation to renew the laws didn’t make such conversions more difficult. Part of the rent bill changes rules around condo conversions, specifically in relation to how many existing renters must buy into the building before a multifamily building can go condo. Under the new bill, eviction plans — which allow landlords to evict tenants if […]
source https://therealdeal.com/2019/06/14/collateral-damage-real-estate-sounds-alarm-on-rent-regs-impact-on-condos-421a/
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