Owners, lawmakers lament flaws in rent regulation overhaul (Real Estate Weekly)
Real Estate Weekly, November 9, 2019
Owners, lawmakers lament flaws in rent regulation overhaul
“Five months into the cityʼs new rent regulations, the industry continues to digest the sweeping changes to how landlords can and can’t raise rents.
At a seminar hosted by the New York Bar Association last week, panelists argued over the pros and cons of the legislation, with freshman New York State Senator Zellnor Myrie, who pushed hard for the reforms in Albany in June, saying, ‘I will never apologize for standing up for tenants. There were way too many incentives for bad behavior and we have increased protections against bad behavior.’”