In the opening days of its new term, the US Supreme Court has declined to hear an appeal from landlord groups to New York's rent stabilization law.
In May, landlord groups that had filed two lawsuits against New York's 2019 state rent-stabilization law filed a petition asking the nation's highest court to consider the case after several lower courts ruled against them.
The petition was filed on behalf of the Rent Stabilization Association (RSA), the Community Housing Improvement Program (CHIP) and several individual landlords who argued in their lawsuits that the 2019 law, which regulates rents for about 1 million apartments in NYC, violates the US Constitution.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.