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April 24, 2024Republicans and Democrats are at loggerheads over “Good Cause Eviction Law.”
New York Senate Bill A5030, also known as the “Good Cause Eviction” legislation, has ignited a fierce debate between Republicans and Democrats. The bill aims to prevent landlords from evicting tenants without a valid reason, such as unjustly increasing rent for new tenants. The continued debate has prevented the bill’s passage.
Republicans claim that the bill would lead to fewer available apartments and higher prices, ultimately driving businesses out of New York if passed. Conversely, Democrats emphasize the importance of protecting tenants from profit-driven landlords and claim an existing New Jersey version of the law has not had negative effects on business or the rental housing market.
Under the legislation, landlords would be required to demonstrate “good cause” in court to evict a tenant. Valid reasons for “good cause” could include violations of lease agreements, such as not paying rent or causing disturbances in the building. Furthermore, rent increases exceeding a specific limit (greater than 3% or 150% of the annual CPI change) would not be considered a valid justification for eviction. Supporters of the bill argue that it would protect tenants from eviction due to unfair rent hikes or situations where landlords wanted the unit vacant to rent it out for a higher price. Finally, proponents of the bill are hopeful its enactment will increase stability for tenants and potentially reduce homelessness.
-Guy Milone, Esq., Friedman Vartolo General Counsel