New York renters are feeling pressure. Manhattan rent According to reports, the April increase in April increased by 32% from the same period a year ago, and the Housing Court said. Resumption of eviction After the pandemic moratorium. Some renters are wondering: Is there any relief? Tenant supporters pointed out a bill submitted by the New York State Legislature last year and said “yes.” Prohibition of eviction without good reason.. But what is “exclusion of good reason” and what does it mean for lessors and landlords if the bill becomes the current bill?
What is the exclusion of good reason?
Under current law, landlords do not have to offer new leases to market-priced tenants. Elimination of good reason requires the provision of a new lease, but tenants may be expelled due to lease breaches such as rent payment failures or other breaches.
Judith Goldinner, a lawyer for the Legislative Aid Association who helped draft the legislation, said the exclusion of justification for “giving confidence in being able to raise children” in the apartment. “You don’t have to worry about being kicked out.”
Similar legislation already exists in New Jersey, California, Oregon, and several New York municipalities, including Albany, Beacon, Kingston, Newberg, and Poughkeepsie.
It is also a proposal for rent management
In a bill sponsored by the New York State Senator Julia SalazarRent increases are limited to 3% or 1.5 times the annual rate of change in the consumer price index, whichever is higher. So if your rent is $ 2,000 a month, it could be up to 1x this year. 12.5 percent, Or $ 250. However, the bill gives room for even greater growth if the landlord shows that costs have risen or improved.
Who will be covered?
The bill extends the protection of tenants and covers basically all lessors of unregulated homes. However, there are some exceptions, such as home-owned buildings with less than 4 units. Community Service Association The bill is estimated to affect 1.6 million households across the state. This is about half of all lessors.
Tenants are compensated if they rent a high-rise condominium with a market price, have a monthly rental contract, rent a condominium or co-operative unit from an individual owner, rent a detached house, or sublease an apartment from another tenant. increase.
Tenants subject to the bill can lose their apartment even if the real estate owner reclaims space for personal use.
What does the landlord say?
Landlords and their supporters say that the current bill could lead to more housing proceedings as tenants challenge rent increases, and that it may not be considered a traditional landlord. Feeling like a homeowner, a tenant to sublease, a co-operative or a condo owner to rent an apartment, worried about casting a net wide enough to affect a real estate owner.
Ann Korczak, president of a small real estate owner in New York, a landlord advocacy group with about 600 members, said the landlord empties and sells or reclaims the property just because the landlord does not want to rent it. He said he was concerned that the law would ban it. Put them out. “It seems almost impossible for owners to regain their property,” she said.
Korczak, whose family owns two brownstones on the Upper West Side, also expressed concern about limiting rent increases in an inflationary environment. “It’s not realistic to think that the rising costs of the owner will not be passed on to the tenant,” she said. “That is how the economy works.”