States of transition

States of transition

Both acts by state legislators in these two larger-than-life rental states have sent real estate property owners and managers everywhere into a time of uncertainty, claiming foul against private property rights, as other states look to follow suit. [...]there are no exemptions for owner-occupied, 1-...

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Veröffentlicht in:Journal of Property Management 2020-03, Vol.85 (2), p.36-37
1. Verfasser: Carpenter, Dawn
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Sprache:eng
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Commercial real estate
Evictions
Private property
Rents
Tenants
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container_title Journal of Property Management
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creator Carpenter, Dawn
description Both acts by state legislators in these two larger-than-life rental states have sent real estate property owners and managers everywhere into a time of uncertainty, claiming foul against private property rights, as other states look to follow suit. [...]there are no exemptions for owner-occupied, 1-to-3 family units. A group of landlords and five real estate groups, including the New York State Association of REALTORS® along with the National Association of REALTORS®, have signed onto a lawsuit against the state citing that New York's new rent law violates the U.S. Constitution's Fifth Amendment, which includes a clause that bars the taking of private property without "just compensation." ...to the West Although not as lengthy as New York's rent control legislation, California passed a measure last October which limits rent increases to 5% (plus local inflation rates) annually from January 2020 through December 2029.
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source Business Source Complete; EZB-FREE-00999 freely available EZB journals
subjects Commercial real estate
Evictions
Private property
Rents
Tenants
title States of transition
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