PRESS RELEASE UPDATED: OCT 22, 2019 07:45 EDT
NEW YORK, October 22, 2019 (Newswire.com) – In the long history of New York landlord-tenant relations, the government has rarely cast such an extensive reversal of course in housing policy as it does in the Housing Stability and Tenant Protection Act (HSTPA). The HSTPA stops in its tracks the gradual conversion of units to the free market. Landlords will now have access to Summary Proceedings only for base rent and evictions. Actions to recover fees and costs must be brought separately, likely resulting in protracted litigation in the trial courts. These are only a few of the many provisions of the HSTPA that will make it more difficult for landlords to maintain the viability of their properties. Compliance with the law will be challenging. Continue reading “Blumberg Announces Lease Updates for NY Housing Stability and Tenant Protection Act of 2019”