City Council Passes Legislation to Limit Fees Landlords Can Collect From Tenants for Early Vacancies

The bill amends the landlord’s duty to mitigate damages for an early vacancy of a leased residence. On November 23, 2021, the City Council passed Int. 2312-A, which limits the fees landlords can collect from tenants who vacate prior to the end of a lease to prepare the property for the next rental. The bill, sponsored by Council Member Kevin C. Riley, helps balance the needs of landlords to pay for the maintenance of units <Read More>


Council Committees Consider Two COVID-19 Tenant Protection Bills

Testimonies at the public hearing revealed concerns about the two bills and their impact on the City’s tenants and landlords. On April 28, 2020, the City Council Committee on Housing and Buildings, and Committee on Consumer Affairs and Business Licensing held a joint public hearing on two bills that will provide protection to residential and commercial tenants who are financially impacted by COVID-19. Introduction 1912, sponsored by Council Speaker Corey Johnson, will prohibit court … <Read More>


City Council Overwhelmingly Passes Tenant Harassment Bills Package

City Council passes a package of bills intended to strengthen protections for tenants subject to harassment by landlords. Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The expulsion of both rent stabilized and market-rate tenants is accomplished through means both legal, by abusing technical loopholes in State law, and illegal, by dangerous living conditions and intimidation.


Tenant Harassment Bills Package to be Considered by Committee

City Council Committee to hear testimony on a package of bills intended to strengthen protections for tenants subject to harassment by landlords. Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The expulsion of both rent stabilized and market-rate tenants is accomplished through means both legal, by abusing technical loopholes in State law, and illegal, by dangerous living conditions and intimidation.


Council Members Denounce HPD Efforts Against Predatory Equity

City Council Members seek to strengthen tenant protections from predatory equity landlords. On October 31, 2016, City Council’s Committee on Housing and Buildings held a five-hour public hearing on a complement of five bills, two of which related to predatory equity.

Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The predatory equity get-rich-scheme works as thus: private investment money is … <Read More>