Landlords who own buildings with one or more rent-stabilized units are now required to post signs informing tenants that the building contains rent-stabilized apartments. The move is aimed at empowering tenants to fight illegal rent hikes, demand better living conditions, and restore illegally deregulated units.
The Rent Transparency Act, also known as Intro 1037, was introduced by Council Member Sandy Nurse, and passed the City Council with a supermajority of 49 votes on May 28.
The law, which takes effect in 2026, also requires landlords of rent-stabilized units to submit an annual filing to the New York State Division of Housing and Community Renewal (DHCR) and provide each tenant with a copy, ensuring tenants are aware of the status of their units. Landlords who fail to file may face penalties…