A state appeals court has rejected a Manhattan landlord’s suit arguing that because it began apartment renovations two weeks before the effective date of a law limiting renovations-based rent hikes, it had a “vested right” to increase rent based on the old law.

The landlord, 300 Wadsworth LLC, contended that any “retroactive application” of New York City’s Housing Stability and Tenant Protection Act of 2019 that limited its planned rent hike would be an unconstitutional deprivation of its “preexisting rental-increase rights,” according to the Appellate Division, First Department court decision dismissing Wadsworth’s suit.

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