NYC rent freeze set to take effect as landlords challenge it in court
The Rent Guidelines Board voted to freeze rents for both one- and two-year leases beginning Oct. 1.
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A rent freeze for rent-stabilized apartments in New York City is set to take effect Oct. 1 as a group of landlords fights the measure in court.
The Rent Guidelines Board voted to freeze rents for both one- and two-year leases beginning Oct. 1.
Landlords are suing to overturn the decision, arguing that the board’s process was improperly influenced.
The city maintains that the Rent Guidelines Board acted independently and considered the data required as part of its decision-making process.
A judge is reviewing the legal challenge as the rent freeze is set to take effect.
