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Rent Regulation In New York City After Roberts V. Tishman Speyer Properties, Margaret Budnik
Rent Regulation In New York City After Roberts V. Tishman Speyer Properties, Margaret Budnik
Margaret Budnik
New York City has many tenant protection laws. One such protection is rent regulation, which aims to protect tenants from, among other things, oppressive rents and price gouging. This Note will explore the City’s rent regulation laws for privately-owned residential buildings in the wake of Roberts v. Tishman Speyer Properties, a 2009 case decided by the New York Court of Appeals, New York State’s highest court. Roberts held that owners of buildings that received tax benefits under the J-51 program—a tax program that provides tax abatements and tax exemptions to owners for rehabilitating residential housing—could not deregulate apartments and charge …