What You Should Know About the Good Cause Eviction Statute in New York
A new rule that protects some renters against exorbitant rent hikes and mandates that a landlord have a valid reason before evicting a tenant entered into effect on April 20, 2024.
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Whom is protected by the new law?
The new law applies to you if:
You don't reside in a cooperative or condo complex.
Your building wasn't significantly renovated after 2009 and wasn't constructed before 2009.
You reside in a building that has at least eleven flats.
Your landlord would need to possess another building or buildings in order to provide coverage if you live in a building with ten or fewer units.
The person who owns your building is not your landlord.
Less than 245% of the Fair Market Rate is what you pay in rent:
$5,846 in the studio
$6,005 for on...