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Apartment buildings line Park Avenue and Fifth Avenue on the Upper East Side of Manhattan, NY, Tuesday, February 25, 2014. Photograph: Victor J. Blue Apartment buildings in New York City. (Photo: Victor J. Blue/Bloomberg)

The enactment of the Housing Stability and Tenant Protection Act of 2019 (HSTPA) has created considerable turmoil and uncertainty in the real-estate industry in New York. Although perhaps not intended to be impacted by this sweeping legislation, co-ops are undeniably bound by its provisions, and are legally prohibited from collecting “additional rent” charges—such as late fees, attorney fees, sublet fees, and the like—in summary nonpayment proceedings in Housing Court.

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