Source: Thrillist —
With New York City rent prices recently seeing their biggest increase in over a decade, many New Yorkers are looking for any way they can to save on rent. A new bill under consideration in the state legislature could provide help by setting rent increase limits and allowing for automatic lease renewals under most circumstances.
Called the Good Cause Eviction bill, the legislation has previously been introduced by state Sen. Julia Salazar of Brooklyn and Assembly Member Pamela Hunter of Syracuse in 2019 and 2021 without coming up for a vote. With the spike in rent prices and the recent end of New York’s COVID-era eviction moratorium, momentum is building for lawmakers to do something to help tenants struggling with the state’s ever-rising cost of living.
