MAR 11, 2023
The 2019 Tenant Protection Act is a set of laws designed to provide increased protections for renters in the state of New York. Some of the advantages of this act include:
The Tenant Protection Act has strengthened rent control regulations in New York City and other rent-regulated areas. It provides greater protections for tenants against rent increases and eviction, and allows for increased stability and affordability of housing for tenants.
Under the Tenant Protection Act, landlords in rent-regulated apartments are required to provide a "just cause" for evicting a tenant. This means that landlords cannot simply evict a tenant without a valid reason.
The new law has increased the amount of security deposit that landlords can charge, which will provide tenants with more flexibility when it comes to moving.
The Tenant Protection Act provides protections for tenants who are living in foreclosed properties, which will help prevent tenants from losing their homes.
The Tenant Protection Act requires landlords to provide tenants with longer notice periods before raising rent or ending a lease. This gives tenants more time to plan and make arrangements for any changes.
Overall, the Tenant Protection Act provides greater protections for renters and helps to ensure that they are treated fairly by landlords.
This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice.