“In a booming real estate market, rental properties are often converted to condominiums or upscale rental buildings by developers seeking a profit. Under city law, property owners must provide protections for tenants in rent-stabilized units, giving them ample time to move out and offering compensation.  A total of 6,803 complaints were filed by tenants living in rent-controlled properties last year, compared with 5,049 in 2011.”

Read the whole article:


Published by Brett