City's rent stabilization law to expire today

People living in about one million rent-stabilized apartments in the Bronx and across New York City are waiting for lawmakers in Albany to pass new rent regulations or extend the current laws.

People living in about one million rent-stabilized apartments in the Bronx and across New York City are waiting for lawmakers in Albany to pass new rent regulations or extend the current laws. (6/15/15)

NEW YORK - People living in about one million rent-stabilized apartments in the Bronx and across New York City are waiting for lawmakers in Albany to pass new rent regulations or extend the current laws.

That could mean the end of tenant protections for 2 million people. The law, as it stands, limits the amount that landlords can charge for their rent.

Without those protections, they can charge what they want.

Landlords can even evict tenants when their lease expires.

advertisement | advertise on News 12

Trending Video

1 Bronx Sportscast, April 17
VIDEO: Suspected gang members arrested in the Bronx 2 VIDEO: Suspected gang members arrested in the Bronx
3 Bronx Sportscast, April 24
4 Word on the Street: Dating apps and self-esteem
A man was attacked and robbed inside his 5 Man attacked by 2 teens inside apartment building

advertisement | advertise on News 12

More News

The city's rent regulations are set to expire Cuomo vows resolution on expiring rent regulations

The city's rent regulations are set to expire on Monday, leaving millions of tenants across

State lawmakers broke from work for the weekend Rent-control rules set to expire

State lawmakers broke from work for the weekend Thursday without reaching a compromise on extending

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE