Gov. Andrew Cuomo

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Governor Cuomo Expected To Sign Deal To Strengthen Rent Stabilization Rules

June 13, 2019 - 8:11 am
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NEW YORK (WCBS 880/AP) -- Governor Andrew Cuomo says he will sign a deal from legislative leaders that will strengthen rent stabilization rules covering over one million tenants in and around New York City.

The agreement would permanently extend the current rules governing rent increases for stabilized unit and would also restrict the ability of landlords to remove units from the system.

It would permit cities throughout the state to craft their own rules as well.

Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced the deal on Tuesday and called it  "historic''.

"These reforms give New Yorkers the strongest tenant protection in history," They said in a joint statement. "For too long, power has been titled in favor of landlords and these measures finally restores quity and extends protections to tenants across the state. ''

Lawmakers are expected to pass the deal on Friday, a day before the existing rent law expires.