Conflicting interpretations of a few lines of the new rent law is leading to widespread panic, with some landlords rushing to re-issue leases and others throwing caution to the wind and risking potential overcharge proceedings. Real estate attorneys and tenant attorneys are at odds over how to interpret a key section of the new rent law: raising preferential rents to legal rents for lease renewal offers provided to tenants before June 14 on leases that […]
source https://therealdeal.com/2019/07/19/widespread-confusion-over-preferential-rents-opens-the-door-for-rent-hikes/
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