Join us on September 16th at 8:00 a.m. to learn more about RSA’s Constitutional Challenge to the Rent Laws. The breakfast will be held at the Roosevelt Hotel at 45 East 45th Street in Manhattan.
Registration is open to RSA dues-paid members ONLY. A $25 contribution (ticket) to the RSA Legal Fund is required in order to attend.
CLICK HERE to register and make your payment.
RSA & CHIP Commence Lawsuit Challenging the
Constitutionality of New York's Rent Stabilization Law
On Monday, July 15th, RSA, along with the Community Housing Improvement Program (CHIP), commenced a lawsuit in the United States District Court for the Eastern District of New York, challenging the constitutionality of the State's Rent Stabilization Law (RSL) and charging that the RSL, as amended by the Legislature this past June, violates the Due Process and Takings clauses of the United States Constitution.
In short, the RSL, already vulnerable to challenge, was made even more vulnerable as the result of the June amendments and other recent court decisions which have provided RSA with the legal arguments to challenge the entire RSL system. Among its numerous claims, the lawsuit asserts that the City has never adequately justified its every-three-year declaration of a "housing emergency"; the RSL does not target affordable housing to those in need; the RSL is not a rational means of ensuring socio-economic or racial diversity, and the RSL is not a rational means to increase the vacancy rate.
URGENT: Governor Cuomo Signs Pro-Tenant Rent Reform Package into Law
As you already know, the State Legislature has enacted the strongest, pro-tenant rent reform package in the history of New York State. On Friday, June 14th, Governor Andrew Cuomo officially signed the legislation into law and most provisions take effect immediately.
The legislation contains numerous changes to the rent laws, as well as many other laws, and it is imperative that owners get up to speed as soon as possible. An in-depth summary will be included in the July/August issue of the RSA Reporter. In the meantime, click here to view a very brief summary of what has been enacted. To view the actual text of the law, click here.
RSA is well aware of the magnitude of these new laws and the impact that they will have on apartment building owners and managers throughout the City. Aside from the details that will be outlined in the upcoming Reporter, RSA will be undertaking efforts to educate the membership on the new requirements. We have already announced that we will be holding a seminar/webinar on the 2019 rent laws on Thursday, July 11th at the New York County Lawyers' Association. For more information, click here.
If you have any questions or need assistance, please contact RSA at (212) 214-9200. Our business hours are Monday through Friday, from 9:00 a.m. until 5:00 p.m.
RGB Sets Final Guidelines for Order No. 51
At the Rent Guidelines Board (RGB) Final Vote on June 25th, the Board enacted the following guidelines for renewal leases commencing between October 1, 2019 and September 30, 2020:
For a one-year lease: 1.5%
For a two-year lease: 2.5%
A special guideline for decontrolled apartments equal to the
No sublet allowance
No vacancy allowances*
*Pursuant to the 2019 Rent Laws, vacancy allowances are no longer permitted. Renewal guidelines do not apply to vacancy leases.
Find Your Local Elected Official!
RSA’s top priority is to protect the best interests of the rental housing industry by advocating in the State and City governments.
Although our staff takes pride in advocating on behalf of residential property owners, it is important that you make your voices heard to your local elected officials as well.
Contact Your State Elected Officials - If you live outside of the five boroughs and you want to locate your state elected official.