NY state legislators propose bills to protect land-lease co-ops from land rent hikes

… landlease coops in NYC and has also raised a debate over what kind of New Yorker deserves legal housing protections … … coops are rare in NYC and tend to be a risky bargain for buyers When a years or decadeslong landlease is up the land owner could jack up the rent sell it to an unknown buyer or terminate the contract and even try to evict the …

By Celia Young |May 15, 2024 - 12:30PM