Landslide Decision: Supreme Court Rejects Landlords’ Challenge to NYC’s Rent-Control Laws, Leaving Thousands of Tenants Secured
New York City, USA – The U.S. Supreme Court has decided not to hear a significant property rights challenge brought by a group of New York landlords, effectively upholding the city’s rent-control laws. These laws allow tenants to remain in apartments at below-market rates for extended periods of time. The landlords argued that the combination of rent regulation and long-term occupancy violated their constitutional rights. The lawsuit, filed by owners of small and midsize apartment buildings, claimed that recent amendments to the rent-control laws had stripped them of their ownership rights. The amendments, which were … Read more