WeVote
Log In

Bill

Bill

A 887

Provides that in New York city, the rent following the dissolution date shall be the last rent authorized for the affected dwelling

2025 Regular Session Introduced by Michael Benedetto and 4 co-sponsors

Bill A 887 ensures that New York City tenants pay no more than the last authorized rent after a rental agreement ends, protecting them from sudden increases.

REFERRED TO HOUSING
0
WeVote Research Nonpartisan
Bill Summary · A 887

Summary of Bill A 887

Bill Information

  • Bill Number: A 887
  • Title: Provides that in New York City, the rent following the dissolution date shall be the last rent authorized for the affected dwelling
  • Status: Referred to Housing
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 887 aims to establish a clear guideline for rent determination in New York City following the dissolution of a rental agreement or tenancy. The primary intent is to protect tenants by ensuring that the rent they are required to pay after a dissolution event is not increased beyond the last authorized rent amount for their dwelling.

Key Provisions

  • Rent Continuation: The bill stipulates that after the dissolution date of a rental agreement, the rent for the affected dwelling will remain at the last rent amount that was authorized prior to the dissolution.
  • Protection for Tenants: This provision is designed to prevent sudden rent increases that could occur due to changes in tenancy status, thereby providing stability and predictability for tenants in New York City.

Affected Parties

  • Tenants: The primary beneficiaries of this bill are tenants in New York City who may face uncertainty regarding their rental costs following the dissolution of their lease or tenancy.
  • Landlords: Landlords may also be impacted, as they will be required to adhere to the last authorized rent amount, potentially limiting their ability to increase rents immediately after a tenancy ends.

Procedural Aspects

  • Legislative Action: The bill was introduced on January 08, 2025, and has been referred to the Housing Committee for further consideration.
  • Related Bills: This bill is part of a broader legislative context, with several related bills from prior sessions, including A 723, A 1128, A 1926, A 9854, A 4159, A 957, A 1904, and A 467. These related bills may address similar issues or provide additional context for the ongoing discussions about housing and rent regulations in New York City.

Conclusion

Bill A 887 seeks to provide clarity and protection for tenants in New York City regarding rent obligations following the dissolution of rental agreements. By ensuring that the last authorized rent remains in effect, the bill aims to foster stability in the rental market and protect tenants from abrupt financial burdens. The bill is currently under review by the Housing Committee, and its progress will be closely monitored by stakeholders in the housing sector.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.