#rent-legislation

#rent-legislation

The Renters' Rights Act has been described as the 'biggest change to renting in history', with significant reforms such as banning 'no-fault' evictions and ending fixed-term tenancy contracts.

"This is the largest fine ever imposed on a landlord. It is a huge victory, especially as this is a professional landlord with eleven properties, which is typical of companies that rent out properties en masse."

"These cities in Texas do great on all metrics: robust job markets, good amenities, and relatively affordable housing," Asad Khan, a senior economist with Redfin, stated.

The state Department of Financial Services quantifies the fraud annually based on information provided by insurance companies, which track policyholders misrepresenting where they predominantly use and store their vehicles to get cheaper rates.

The Battery Park City Authority (BPCA) took Cove Club Condominium to court last week, arguing that if a judge doesn't grant it access to the condo, it won't be able to install critical flood walls and underground drainage structures around Battery Park City that could help prevent Hurricane Sandy-esque damage in the future.

To address the affordability crisis, we must be proactive and bold in building more affordable housing, lowering skyrocketing health care costs, and enacting universal childcare.

The lawsuit claims that the portal tricks consumers into using agents affiliated with Zillow through its Flex and Premier Agent programs, resulting in inflated home purchase prices.

The proposed 'pied-à-terre tax' will allow New York City to levy a yearly surcharge on luxury second homes valued at $5 million or more, targeting wealthy out-of-towners.

Under a state law called the Costa-Hawkins Rental Housing Act, landlords can reset the starting rent price at any level once tenants move out of a unit and new residents move in. That's where things got tricky in Woo's situation. According to a lawsuit Woo filed in January, their building's property manager had Woo's partner sign the lease in March 2024. Woo, even though they were the one who'd found the apartment and would be moving in together with their then-partner, was told to sign a separate document instead.

The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.

San Francisco is one of the cities the authors use as a case study, and their mathematical simulation suggests that is could take up to 100 years of increasing housing supply at levels that are unrealistic at best to see rents fall to the level where a worker without an advanced degree could afford. "The simulation makes clear it is unrealistic to think that we can deregulate and build our way out of the affordability crisis with market-rate housing, even with large positive supply shocks, in any reasonable time frame," the study states.

An analysis from the policy group New York Housing Conference shows owners of government-subsidized, or "affordable," housing filed more than a third of city's roughly 120,000 eviction lawsuits in 2024 - often as a way to pressure tenants into paying back rent or to compel the city to intervene with aid.