As an investor, this "Loft Law" should scare many
Came across this article this morning.
Manhattan couple hasn't paid rent on their $4,754-per-month apartment in almost SEVEN years citing little-known 'Loft law'
-The Chelsea flat should have costed them $4,754.02 per month
-Their landlords say they now owe $410,000 or they have to move
-The couple says they have a right to live in the apartment because of Loft Law
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very interesting. if i needed one more reason to avoid the non-friendly landlord/tenant climate of NYC... you just gave me one. :) thanks for sharing.