ALBANY—The New York State Association of Realtors issued a “Call to Action” on April 12 to alert its membership that the State Legislature is considering passage of “Good Cause Eviction” legislation, which would restrict the ability of a landlord to evict a tenant, even in cases where their lease has expired so long as the tenant continued to pay rent.
The bill (S.3082/A.5573) would also effectively cap annual rent increases to 3% or 1.5 times the CPI for most rental properties statewide with four units or more, unless the landlord is able to prove before a judge that an increase above that threshold is necessary or reasonable.
NYSAR is urging its members to contact their state lawmakers to oppose “Good Cause Eviction” legislation by filling out the petition at: https://www.hfaany.com/take-action
The petition is part of NYSAR’s coalition efforts to oppose “Good Cause Eviction” as it partners with other real estate and business groups across the state.
