SUBSCRIBERS

New York landlords use crooked means to force out rent-controlled tenants

They make buildings unsafe to drive away tenants so as to renovate apartments and find new tenants to pay market rates

Published Mon, Jun 6, 2016 · 09:50 PM
Share this article.

New York

THE arraignment of the notorious New York landlord Steven Croman last month was a rare bit of good news for the tenants in his buildings, many of whom have said they have endured hazardous conditions designed to force them out of their homes. Croman was charged with 20 felonies related to his rental income (he has pleaded not guilty), and faces a civil suit accusing him of using illegal means to force tenants out of their rent-stabilised apartments, in order to renovate them and find new tenants to pay market rates.

Unfortunately, Croman's alleged approach to emptying buildings is not at all uncommon. Altering or destroying a building in order to make it unsafe is the method of choice for many property owners operating in some of the city's most rapidly changing neighbourhoods. When tenants can no longer cope with the danger, they often reach out to city agencies for help, which plays right into the property owner's hand: a city inspector pays a visit, observes the ha…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here