
Click here for printer-friendly PDF of this post.
New York State’s legislature is currently reviewing a bill referred to as the “Good Cause Eviction.” The proposed legislation presents significant changes that could impact property owners throughout New York State.
If passed and signed into law, the Good Cause Eviction legislation would limit rent increases to 3 percent or 1.5 times the Consumer Price Index, which ever is higher. In addition, the law would change the criteria and legal process for evictions.
Many questions and concerns have been raised regarding the potential widespread consequences of the Good Cause Eviction law. During the next Real Estate Roundtable, Jaime Michelle Cain will explore details of the Good Cause Eviction legislation and review how property owners can address the proposed law.
More…