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Landlord Who Bilked Banks out of Millions of Dollars Sued for Harassment

An East Village landlord who was recently arrested for allegedly taking out millions of dollars in loans through fraudulent means is also facing a civil lawsuit filed by New York State Attorney General Eric Schneiderman. According to an article by Crains New York Business, it is alleged that the landlord illegally harassed tenants in the rent-regulated apartments he owned by attempting to have them evicted so he could charge higher rents.

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New Changes to Rent Stabilization Law in New York

January of this year, Gov. Andrew Cuomo signed into law numerous amendments to the system of rent stabilization in New York State. Both landlord and tenants agree that the new amendments strongly help tenants’ rights, while limiting those of landlords.

Currently, laws impose a four-year limitation on checking rent history, but now regulators will be able to look back more than four years to determine whether there was ‘a fraudulent scheme’ to destabilize the apartment. Tenants can also go directly to the state to request rent reductions because of service complaints, whereas before they were required to first inform the landlord.

Additionally, the state will begin to enforce and keep tabs on whether or not a building has any housing violations, and they will reject a landlord’s request to increase rent if any violations exist. Previously, they state would only look up violations if someone filed a complaint. Landlords will also be required to make “extensive new disclosures” when they increase rents, so there will be more oversight from the state. Continue reading “New Changes to Rent Stabilization Law in New York”