Landlords could no longer renovate occupied apartments without a tenant’s consent and would be prohibited from subdividing rent-controlled units under a resolution the Rent Control Board is recommending to City Council.
Landlords are renovating and subdividing apartments to displace long-term tenants, said board member Anastasia Foster. They can then charge higher rents to new tenants or take in even more rent if they subdivide rent-controlled units and rent them as medium-term, furnished vacation rentals or corporate housing. Foster said many tenants believe they have to leave their apartments either temporarily or permanently or take illegal buyouts.
Read More: https://www.smdp.com/rent-control-board-asking-for-restrictions-on-renovations/175455