People also ask
What counts as rent control in New York City?
These include New York City, Nassau, and Westchester counties. In New York City, rent control tenants are generally in buildings built before February 1, 1947, where the tenant is in continuous occupancy prior to July 1, 1971. Under rent control law, tenants are not obligated to sign renewal leases, as these tenancies are statutory.
Why is rent control bad for landlords?
Simply put, critics argue that rent control discourages landlords from making repairs and upgrading their properties. In a market without rent control, when a landlord improves her property, she has the option of passing the cost on to her tenant in the form of higher rent.
Is my property subject to rent control in my state?
Refer to the local government link to the right to see if your property is subject to rent control. YES New Mexico None YES YES New York YES New York City Other municipalities covered
What is rent control and how does it work?
Consequently, rent control is a law passed by cities where the housing market is tight and rents are going up just because landlords are in control of a necessity of life that is in short supply. Rent control is not likely going to be a state law, because the problem is local.