Since the passage of the new rent law in June, New York’s real estate industry has searched for ways to cope with the changes. Landlords have repeatedly warned that the Housing Stability and Tenant Protection Act of 2019 will halt major renovations in rent stabilized properties, since the new measure caps rent hikes achieved through Individual Apartment Improvements and Major Capital Improvements. But other strategies have emerged in the two months since changes to rent […]
source https://therealdeal.com/2019/08/21/creative-ways-nyc-landlords-are-getting-around-the-new-rent-rules/
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