(FixThisNation.com) – The Supreme Court is being pushed to consider a case challenging the law for stabilizing rent in New York City. New York City’s Rent Stabilization Association of NYC (RSA) and the Community Housing Improvement Program (CHIP) filed their original 2019 lawsuit challenging the Rent Stabilization Law (RSL) and arguing that under the state’s constitution, it infringed on property owners’ rights.
The plaintiffs claim that this law has had a negative effect on both property tenants and owners, and that it has damaged the ability of the housing market in the city to grow for the past 50 years. The lawsuit continued to say that this is the toughest rental housing regulation and that it affects around one million apartments in the city.
According to the lawsuit, when a tenant’s lease has expired, the law blocks the owners from potentially using their property for their own self or occupying it, altering how it is being used, or choosing to leave it completely vacant. They further point out that the tenants who are “successors” of the lease agreements are allowed to continue renewing their lease forever unless they end up doing something deemed illegal.
The U.S. District Court for the Eastern District of New York and the U.S. Court of Appeals for the Second Circuit had both dismissed the case, but it is now being brought for consideration by the Supreme Court.
In a joint statement, the two organizations claim that their lawsuit has the support of businesses, think tanks, and the real estate community which further shows the validity of their request.
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