Bill > A07705

This bill proposes to de-regulate rent-stabilized housing accommodations by automatically removing rent control protections for any rental units that become vacant on or after June 16, 2026. The legislation modifies existing housing laws to create a sunset provision for rent stabilization, effectively ending rent regulation for apartments once they are vacated after the specified date. However, the bill includes an important safeguard: if a housing accommodation becomes vacant due to intentional actions by the landlord designed to force out a tenant (such as interrupting essential services or deliberately disrupting the tenant's peace and quiet), the de-regulation exemption will not apply. This means landlords cannot deliberately create conditions that would cause a tenant to move out in order to escape rent regulation. The bill amends multiple existing laws, including the emergency housing rent control law, the local emergency housing rent control act, and the administrative code of New York City, to implement this change. The legislation aims to gradually phase out rent stabilization by creating a future date after which vacant apartments will no longer be subject to rent control regulations, potentially allowing landlords more flexibility in setting rental prices for newly vacant units.