Not only are the city's rent-regulation laws likely to be renewed in the state budget, due at the end of the month, but it's now looking like landlords might be open to making concessions when it comes to the decontrol provision. The law allows landlords to deregulate apartments when the rent hits $2,000/month, but the Journal reports that at least one landlord group is open to raising that limit. But Real Estate Board of New York president Steven Spinola says "it depends what the rest of the package is." And of course, in addition to whatever wacky landlord demands might be at stake, other landlord and tenant groups would prefer to see other changes in the laws (or for everything to remain as is). Recent efforts to raise the $2,000 rent-regulation ceiling have failed, but hey, there's a first time for everything.
· $2,000 Rent-Deregulation Limit Up in the Air [WSJ]
· Rent Law Extension Might Go Through By the End of March [Curbed]