NYS Gov Cuomo new law
Hello BP World,
I happened upon this article yesterday and have been trying to do some more research but have been coming up short. Is this something that will be restrictive only to NYC or will it affect the entirety of New York State? I haven't heard a big fuss from other investors so I feel like I am missing something. Maybe this isn't that big of a deal? Can anyone break this down for me? Many Thanks.
Most Popular Reply
This mostly pertains to municipalities that chose to be part of the Rent Stabilization Program which of course NYC participates in. However it differs by location. For example, in NYC it is usually applied to only building of 6 units or more. Here's a link to all the cities / counties in NY that have some sort of rent control.
http://www.landlord.com/rent_control_laws_by_state.htm
and check out