Landlords Sue NYC Over New Rent Caps on a Million Apartments
- New York City’s rent-stabilization law is under attack after a group of real-estate trade groups and landlords sued to overturn regulations that cover more than 1 million apartments. The decades-old law that limits rent increases violates the U.S. Constitution by placing an unfair burden on property owners, particularly those who own pre-1974 buildings with six or more units, according to the suit, filed Monday in federal court in Brooklyn. The state legislature, now under full Democratic control, adopted sweeping tenant protections in ...
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