Finding a place to live in New York can be difficult. You may have limitations based on your household and where you work, but the most significant factor will probably be your income.
Having an affordable place to live is essential. When you cannot afford your rent, it can cause significant stress. Late last year, Governor Cuomo signed important regulations to protect where you live and what you pay.
Here’s what you need to know about the new legislation and how it might help.
Increases to compensate for improvements
In an ideal situation, landlords and tenants share benefits. You get to live in the apartment for a fair price, and the landlord makes a reasonable profit.
Unfortunately, some landlords try to use improvements to raise the rent unfairly. The new legislation limits the amount a landlord can raise the rent for an improvement to the property and how long the increase can remain in place.
There are also restrictions on what qualifies as a reasonable improvement and who can do the renovation work.
What if I was overcharged?
Even before Governor Cuomo signed the new legislation, there were remedies if your landlord charged you too much. The problem, however, is that the statute of limitations in most cases is four years.
You can still file a claim against a landlord who overcharged you, but you should still act quickly if you think your landlord unfairly raised your rent.
Consult with an attorney
No matter what the reason for the rent increase, your landlord must give you ample warning. Consult with a knowledgeable attorney about your specific situation.