NEW YORK – June 15, 2015 – (RealEstateRama) — Attorney General Eric. T Schneiderman released the following statement today on New York City’s expiring rent regulation laws:
“Our current rent laws provide financial incentives for bad landlords to harass and drive out tenants from rent-stabilized apartments. I have long supported structural reforms to change this broken system, along the lines of what the State Assembly has proposed.
A straight extender of rent regulation would be a huge loss for the people of New York. Everyone has known about this deadline for years – timing is not a credible excuse. And I reject the notion that rent regulation must be linked to other, unrelated issues as the sort of Old Albany premise that people are tired of hearing.
The failure to enact measures to meaningfully strengthen our rent laws would be emblematic of an opaque, anti-democratic system that itself is badly in need of the kinds of reforms I have proposed in the ‘End New York Corruption Now Act.’ As I have said on several occasions, there are only two paths forward for New York State government: either enact comprehensive reform that changes the system, or we will face continued scandal and erosion of public confidence.”
