As you may or may not be aware, New York State made sweeping changes to its Rent Laws in June 2019. While many of the changes were aimed at rent stabilized and rent controlled apartments, there are a number of changes that affect market-rate apartments as well, and the way you will need to conduct your business moving forward as a Landlord.

Below is an info-graphic outlining some of the pertinent changes to market-rate apartments and also a link to an article from a property manager with a more detailed look into the changes.  

Landlord's Guide to the NY Tenant Protection Act of 2019
 
If you’d like to discuss how these changes will affect you, let's set up a call to discuss. If you have additional questions or need further clarification on the law, we suggest you reach out to a residential real estate attorney who can offer you further guidance on the best way to comply with the new laws.

DISCLAIMER: I'm not a lawyer, and this article is NOT legal advice in any way.  I'm just a licensed real estate broker, property manager and investor in New York State, and below are word-for-word excerpts from the law, and my interpretations and opinions of them.  Please consult with your attorney before taking any action as a result of reading this article!