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> What it protects isn’t rising rent, it protects tenants from landlords jacking up the rent to kick them out The landlord is the property owner. Yes, they can
by oceanplexian 4y ago
> What it protects isn’t rising rent, it protects tenants from landlords jacking up the rent to kick them out
The landlord is the property owner. Yes, they can kick renters out of their house after the lease, a contractual agreement to temporarily live in it, has expired. As long as the renter signed the contract, understood the terms, and wasn’t under duress that should be the end of it.
When someone otherwise takes something that doesn’t belong to them (In this case, someone’s house) that’s called stealing. When the government enables people to steal you get a bunch of weird market dynamics that reduce the supply of affordable housing.
- ako 4y agoProblem is that renters often don’t have alternatives. They don’t like the contract, but they’re kind of forced to sign for lack of better options.
- Spivak 4y agoProblem is that the contract has additional terms, and the relevant one is you must offer lease renewal in NYC. The contract is only temporary from the perspective of the tenant, it’s actually indefinite from the landlord’s view. And both the tenant and landlord knew the law when offering the lease and signing it so that’s the end of it. You cannot end run around the law by trying to be “clever” and technically offering a lease renewal of 10 billion dollars a month. The world doesn’t work by programmer logic.
- EricDeb 4y agoIt's not called stealing. When you purchased an apartment in NYC you purchased it with the understanding that it was subject to rules and regulations of the city, which could change.