{"id":35976,"date":"2019-08-19T22:53:55","date_gmt":"2019-08-19T19:53:55","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=35976"},"modified":"2025-05-22T13:09:37","modified_gmt":"2025-05-22T10:09:37","slug":"is-anyone-really-benefiting-from-the-2019-rent-regulation-laws","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2019\/08\/19\/is-anyone-really-benefiting-from-the-2019-rent-regulation-laws\/","title":{"rendered":"Is Anyone Really Benefiting from the 2019 Rent Regulation Laws?"},"content":{"rendered":"

NYC-based\u00a0boutique law firm\u00a0Pardalis & Nohavicka<\/a>\u00a0brings the latest legal updates from the world of real estate to PropertyShark.\u00a0Pardalis & Nohavicka\u00a0handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions,\u00a0currently litigating and representing clients throughout the United States and around the world.<\/em><\/strong><\/p>\n

According to the New York City Rent Guidelines Board, approximately 1.2 million apartments in New York City alone are regulated \u2013 whether under rent control, rent-stabilization or another type of regulation. In the 1940s, these regulations were intended to protect low-income families and veterans returning from war. It allowed them to live in New York City at an affordable rent and with an opportunity to work in a flourishing, wealthy city.<\/p>\n

However, the city has changed, the people have changed and now the rent regulation laws have changed. The \u201cHousing Stability and Tenant Protection Act of 2019\u201d (TPA) enacted in July 2019 repealed or limited almost all of the old laws. Since then, there have been many discussions and articles published regarding the tenant reactions, rights and protection. While the TPA was created for rent-regulated and non-regulated tenants, here we\u2019ll consider the other perspective: through the lens of the landlord. How does the current TPA affect landlords as investors and managers?<\/p>\n

It\u2019s too early to determine the actual effects of these laws on the landlords, their investment strategies and the buildings themselves. Many \u201csmall\u201d landlords of rent-regulated buildings in the boroughs purchased these buildings with \u201cupside\u201d \u2013 potential to make more money in the future. The initial motivation in purchasing regulated buildings is to eventually have some units de-regulated according to the law. This would then allow for an increase in the rent a landlord could collect. In the past, landlords were able to increase rents through:<\/p>\n