New York Legal Matters: The Housing Stability and Tenant Protection Act

New York’s Housing Stability and Tenant Protection Act was a game-changer for the state’s landlord-tenant laws. The act introduced sweeping reforms, producing a wide range of details to unpack. What were the main takeaways that impact how you work with landlord and tenant clients?

This one-hour course provides an overview of the act’s many updates that impact the real estate profession, helping you understand what the changes were and their applicability in everyday practice. Additionally, you’ll review how to stay within the scope of your real estate expertise. This is especially relevant with this act’s updates, because landlords and tenants may ask for advice that qualifies as legal counsel concerning how to interpret and comply with the new laws.

With practical knowledge concerning these legal updates, you’ll be better equipped to provide clients and consumers a higher level of professional servicing, helping them navigate their real estate transactions, and knowing when to advise them to seek legal, tax, and financial expertise.

Course highlights include:

• Purpose of the Housing Stability and Tenant Protection Act
• Proponents and opponents of the landlord-tenant law reform
• Background information on the state’s two rent regulation programs
• A step-by-step breakdown of the various parts that comprise the act
• Highlights of eliminated sections of the former landlord-tenant laws, impacting luxury deregulation and other provisions
• Overview of additions to the landlord-tenant laws, including changes to preferential rent and other new guidelines
• Amendments to the landlord-tenant laws, such as how owner-use recovery may be utilized, and changes to the improvement provisions
• Activities and scenarios to reinforce key concepts