Last updated by at .

New Law Grants Tenants Greater Protection from Gentrification

Mayor de Blasio recently passed a law that would grant greater protection to tenants and prevent landlords from forcing them to move out of rent controlled and rent stabilized apartments.

The law is designed to prevent landlords from forcing tenants to move from rent controlled and stabilized apartments so that landlords can then re-rent the apartments and charge higher rents.  Violation of the new law will result in significant fines.  Landlords may face penalties for a first time offense ranging from $1,000 to $10,000 for engaging in prohibited tactics in an attempt to get tenants to vacate.  Fines up to $20,000 may be imposed for additional violations.

Continue reading “New Law Grants Tenants Greater Protection from Gentrification”

Tenants Awarded Free Rent for Living in On-going Construction

Recently, the New York State Attorney General’s Office reached a settlement with a real estate developer protecting tenants’ rights and prohibiting an unfair buy-out agreement.  In an effort to convert a historic Manhattan apartment building into a luxury condominium, the landlord illegally induced tenants to leave.  Before the developers received approval to put the apartments on the market, they illegally bought out tenants, many of whom had resided at the location for many years.

Continue reading “Tenants Awarded Free Rent for Living in On-going Construction”