Credit: Tyler Donaghy on Unsplash
Apartment hunters in New York City will have an easier time finding rent-stabilized units next year, as a new city law takes effect on January 1. Passed in June, Intro. 1037, also known as the Rent Transparency Act, requires landlords to more clearly publicize rent-stabilized units in their buildings and explain how prospective tenants can access further information. Sponsored by Council Member Sandy Nurse, the bill requires that a sign be posted in building common areas and made available in both English and Spanish.
Although the City Council approved the bill in May, Mayor Eric Adams returned it unsigned a month later. Under city law, legislation that is neither signed nor vetoed within 30 days automatically becomes law, as reported by PIX11…