Landlords challenge New York’s longstanding rent-stabilization regime

Landlords challenge New York’s longstanding rent-stabilization regime

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The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here.

Rents in New York City are among the highest in the country and rising. According to a report from brokerage firm Douglas Elliman, median rents in Manhattan reached a record high in May of $ 4,395 per month. Meanwhile, only a handful of residential units in the city are rent-controlled, … Read the rest