New York's new regulations for stable rental housing are in effect! Have you heard of "Frankenstein loophole Apartments"? Sylvia Tsai, Esq.

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New York landlords, have you registered your rent-controlled properties?

Attention all landlords with stable rental properties: If you forget to register your property with the government in the future, you will face a fine of $500 per unit per month!

At the same time, the government has made clearer regulations regarding landlords raising rents by combining several rooms: "1+1" can only equal "2"!

So how do you determine if your property is a stable rental? What new regulations will the New York government introduce for the real estate market in the future? Follow us to stay updated!