41 legal experts on game-changing laws, rules, and cases.
Emergency Tenant Protection Law
Passed by the legislature in 1974, this law states that, because of a “serious public emergency” in New york City housing, rents on certain properties would continue to be regulated, as many of them had been since World War II.
_________________________________________________________________________________________________________________________________________________________
"There’s a group of tenants that I sometimes like to refer to as members of the lucky-gene club. These individuals are a seemingly entitled circle of residents who didn’t purchase their apartments when their buildings converted to co-op or condominium ownership. While they enjoy the benefits of cooperative living (such as renovated hallways and uniformed doormen), they are governed by a separate set of rules, protocols, and expectations under the Emergency Tenant Protection Law. Since their “super” rights can be the cause of infighting and friction and can put building staff in the middle of difficult situations, it’s very important to understand how to work with this protected class."
To read the full lecture, visit: http://bit.ly/HHartig