Legislators allow rent laws to expire

New York /
Jun.June 16, 2011 08:33 AM

After months of fruitless negotiations, New York’s rent laws expired late last night, despite the Assembly and Senate signaling early in the evening that they would pass a bill to extend the existing rent laws for two days, ending Friday at 3 p.m, according to the Wall Street Journal.

The Senate voted the extension bill down 43-14 late in the night, with the majority of Democrats, and some Republicans, voting against it. The Senate Democrats had been persuaded by tenant advocates to deny even a very short-term extension in order to draw attention to their efforts to expand protections for tenants.

“Our members have said from the start: extension is not enough — we need to strengthen regulations,” said Austin Shafran, a spokesperson for the Senate Democrats.

Technically, the rent law’s impasse allows landlords to radically raise rents on rent-regulated tenants, but the law has expired previously for short periods and there weren’t major problems.

Talks are due to resume today. Governor Andrew Cuomo said he would call the Legislature back to Albany repeatedly until the law was renewed.

Cuomo spoke out in favor of regulation last month.[WSJ]


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
City Planning Commissioner Hope Knight and a rendering of the new Penn Station (NYC Department of City Planning, Getty Images)
State greenlights massive Penn Station development plan
State greenlights massive Penn Station development plan
From left: Gov. Kathy Hochul, Mayor Bill de Blasio, Public Advocate Jumaane Williams, and Rep. Lee Zeldin
Here’s where the top contenders for NY governor stand on real estate
Here’s where the top contenders for NY governor stand on real estate
Governor Kathy Hochul (Getty)
Hochul downsizes Cuomo’s Penn Station plan
Hochul downsizes Cuomo’s Penn Station plan
Will 10 new towers pay for Penn Station?
MTA chair: 10 new towers may not fund Penn Station expansion
MTA chair: 10 new towers may not fund Penn Station expansion
90 Sands Street
Hotel conversions race against the clock
Hotel conversions race against the clock
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...