New York State Rent Stabilization Law

New York State Rent Stabilization Law regulates rent increases and tenant rights for certain apartments, mainly in New York City and some other areas. It limits how much landlords can raise rent annually, ensuring affordability and stability. The law also provides tenants with protections against unfair eviction and lease termination, and requires landlords to maintain habitable living conditions. Rent-stabilized units are typically in buildings built before 1974 with six or more units, although specific rules can vary. Overall, it balances landlord interests with tenants' rights, promoting predictable, fair housing conditions.