ALBANY, N.Y.—In passing a sweeping overhaul of rent laws on Friday, New York state lawmakers gave a boost to a movement among state capitals to try to address rental-housing affordability. The New York legislation brings increased power to tenants in roughly one million rent-regulated apartments in New York City. It makes it more difficult for the owners of those apartments to increase rents, while enabling more tenants to sue landlords for rent overcharges. Also, tenants around the state will have more protections against...

Source: Wall Street Journal June 14, 2019 20:39 UTC