Property Management
Under New York's Good Cause Eviction Law (effective 2024 for qualifying tenants), landlords who wish to non-renew a lease or raise rents above a certain threshold must:
AGive no notice
BDemonstrate good cause and provide proper advance notice✓ Correct
CObtain DHCR approval for all rent increases
DOnly apply these rules to rent-stabilized units
Explanation
New York's Good Cause Eviction Law (enacted in the 2024 budget) limits evictions of qualifying tenants to 'good cause' grounds and restricts rent increases above a certain threshold, providing greater tenant protections in the unregulated market.
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