When New York lawmakers approved a historic overhaul of the state’s rent laws last year, they didn’t intend for the changes to place small landlords in financial distress, but attorneys and advocates for those property owners said Monday that’s been the result.
The laws, advanced by Democratic majorities, were intended to empower tenants to combat unscrupulous behavior and rent increases from landlords, but advocates said Monday the pendulum has swung too far.
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