Real Estate Litigation

March 22, 2024 | Real Estate Litigation

Real Estate Rights Update: U.S. Supreme Court Declines to Review Challenge to Rent Stabilization Laws in New York

Real Estate Rights Update:  U.S. Supreme Court Declines to Review Challenge to Rent Stabilization Laws in New YorkThe United States Supreme Court recently declined to review a property rights challenge to rent stabilization laws in New York City. The laws at issue limit rent increases and generally require landlords to renew a tenant’s lease. The denial of certiorari by the Supreme Court has significant implications for the countless rental unit owners and tenants in New York City, where approximately one million homes are subject to rent regulation, and could have serious ripple effects for rental owners and tenants in California.
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