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Why Landlords are Excited About Imminent Rent Law Ruling

Why Landlords are Excited About Imminent Rent Law Ruling
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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New York's New Eviction Ban Unlikely to Survive in Court

New York's New Eviction Ban Unlikely to Survive in Court
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Why Billions in Rent Relief Could Be Elusive for Landlords

Sen. Brian Kavanagh and RSA President Joe Strasburg (Getty, Strasburg via Jeffersons Siegel) Sometime this month, New York landlords and tenants will gain access to $2.3 billion in federal aid allocated by the state. The catch: They’ll have to work together to get it. In a year that’s pushed the cat-dog dichotomy of the landlord-tenant relationship to extremes, cooperation could be elusive. The law allows either party to start an application for relief. But for money to be doled out, tenants must request funds that will go directly to the landlord and the landlord must, in turn, accept them. Both have reasons not to do their part.

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