Saturday, September 12, 2015

Key change to de-regulation - so far with court support

 , New York Law Journal
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EXCERPT:  In their summary of the new rent laws, "Noteworthy Changes Enacted by the Rent Act of 2015," (NYLJ, July 1), Warren Estis and Jeffrey Turkel missed what is probably one of the most significant changes to rent stabilization almost 20-years. The new law provides that a rent stabilized apartment cannot be deregulated unless the prior tenant's legal regulated rent is $2,700.  . . . This momentous change will hopefully slow the tide of deregulation and lessen the incidents of tenant harassment.
David Hershey-Webb
The author is a partner at Himmelstein, McConnell, Gribben, Donoghue & Joseph