New York Attorney General Letitia James Photo: Ryland West/ALM AG Probe of Scheme to Deregulate Rent-Stabilized Apartments in NYC Leads to $4M Settlement
Property management companies inflated and falsely stated renovation costs for rent-stabilized apartments in an attempt to deregulate them, the New York Attorney General's Office said.
August 23, 2022 at 06:13 PM
4 minute read
Real Estate
The New York Attorney General's office has secured a $4 million settlement from 29 New York City landlords over allegations of a scheme aimed at deregulating rent-stabilized properties.
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