On June 24, 2011, Governor Andrew Cuomo signed into law the Rent Act of 2011, also known as L. 2011, ch. 97. The Rent Act was not the mere “extender” of existing rent laws that landlords wanted, but it certainly was not the wholesale “strengthening” of the rent laws that tenants sought. Instead, the Legislature left the fundamentals of rent regulation intact, but tinkered around the edges, particularly with respect to luxury deregulation and individual apartment improvements.
The basics of the Rent Act are easily summarized:
