Housing Stability and Tenant Protection Act of 2019

Summary

This act drastically expanded tenant protections in New York, limiting rent increases in stabilized apartments and making most of the state's rent laws permanent.

Rights & Rules

01.
Landlords cannot charge a late fee higher than $50 or 5% of the monthly rent, whichever is less.
02.
Security deposits are strictly limited to one month's rent.
03.
Tenants must be given written notice if their rent is to be increased by more than 5%.

Penalties

01.
Landlords who overcharge rent may be liable for treble (triple) damages.
02.
Inability to proceed with an eviction if proper notice periods were not followed.

Verified Citations

""