Tenants notched yet another victory at the end of June when Gov. Andrew Cuomo signed legislation to expand protections for tenants living in industrial spaces. The Loft Law, first enacted in 1982, required landlords of neglected properties in Lower Manhattan to bring their buildings up to code and convert them to regulated housing rather than kick out the artists who were already there when the surrounding area became desirable. Now, the law applies to industrial […]
source https://therealdeal.com/2019/07/05/landlords-take-another-hit-cuomo-signs-expanded-loft-law/
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