Some New York City landlords will be affected by the city's Rent Stabilization Law for another three years after Mayor Eric Adams extended the measure until 2027.

The legislation sets the rate landlords are permitted to increase rents by and has been in effect ever since it was originally enacted in 1969.

Read More: https://www.msn.com/en-us/money/realestate/new-york-city-deals-blow-to-landlords/ar-BB1kEnxA?ocid=hpmsn&cvid=9408535d51384f40be4e06701e7b1b68&ei=53