City's rent stabilization law to expire today

The city's rent stabilization law is set to expire today, leaving millions of tenants across the five boroughs worried about rising rent prices. State lawmakers

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 Volunteers repaint Bronx River Community Center
News 12 The Bronx hit the streets to 2 Word on the Street: People who take selfies
Police say a 23-year-old man was shot inside 3 Police: Man shot inside Bronx barbershop
Tips to stay commited to your fitness resolution 4 Tips to stay committed to your fitness resolution
Human remains were discovered at a garbage transfer 5 Human remains found at Hunts Point waste station

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