Property Management
Under New York's 'good cause eviction' law (enacted 2024), what constitutes a legitimate 'good cause' for a covered landlord not to renew a lease?
AThe landlord wants to renovate and charge higher rent
BNon-payment of rent, material lease violation, or the landlord's need to occupy the unit✓ Correct
CThe tenant has lived in the unit for more than 5 years
DThe landlord sold the building to a new owner
Explanation
Under New York's Good Cause Eviction Law, acceptable grounds for non-renewal include non-payment of rent, material lease violations, the landlord's or immediate family's need to occupy the unit, or other specified grounds. Wanting to renovate or raise rents above the law's limits are not considered good cause for eviction.
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