New York State Capitol in Albany/ Photo credit: Photo: Matt H. Wade via Wikipedia
NEW YORK CITY—Legislators came to an agreement on rent regulation and tenant protection. The rent regulations were to expire on Saturday, lawmakers passed the reforms and Governor Andrew M. Cuomo signed them into law on Friday.
Senate majority leader Andrea Stewart-Cousins and assembly speaker Carl Heastie said in a joint statement, “These reforms give New Yorkers the strongest tenant protections in history. For too long, power has been tilted in favor of landlords and these measures finally restore equity and extend protections to tenants across the state.”
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
