Sherwin Belkin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sen. Liz Krueger amended her ground lease bill, which would limit rent increases and give co-op shareholders the right to renew.

From “good cause” carve outs to adjusted IAI caps, City Limits breaks down how major planks of the state budget deal will impact tenants’ eviction protections—and rents.

The U.S. Supreme Court on Tuesday said it will not take up two lingering challenges to rent stabilization from New York City landlords, ending months of uncertainty after a broad challenge to the regime got tossed out at the beginning of October.

State lawmakers passed two bills last year intended to help New York City tenants root out—and undo—illegal rent hikes, but only one received Gov. Kathy Hochul’s signature. 

The amendments, some of which limit rents on combined or ‘Frankensteined’ apartments, mark the first update since 2014 to regulations in the Rent Stabilization Code governing about 1 million apartments.