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Critics of DHCR say that the extensive backlog of cases goes to show the direct impact of DHCR failing to monitor rent reporting by landlords, causing irreversible damage to affordable housing in New York and serious financial damage to private citizens. [4] [2]
Rent control limits the price a landlord can charge a tenant for rent and also regulates the services the landlord must provide. Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases.
On July 15, 2019, an assortment of landlords and landlord groups initiated a legal challenge to the law in the U.S. District Court for the Eastern District of New York. [21] In a 125-page complaint , [ 21 ] the plaintiffs claimed that the Rent Stabilization Law – as modified by the HSTPA – violated their rights under Due Process Clause of ...
A land lease is common for commercial real estate, but many residential property owners also pay to lease the land their homes sit on — many apartment buildings in New York City, for example ...
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