New York City's rent stabilization system was designed as an alternative to the rent control system. Rent stabilization looked to the owners for supervision as a way to benefit not only the system but tenants through an informed and experienced administration. Unfortunately, the system has had its fair share of shortcomings as rules have become technical, complex, and ill equipped to address the concerns of tenants. This comment examines the stabilization system's history and its current status. Though the current system has flaws, the flaws can be fixed and must be to protect NYC tenants and owners.
Emergency Tenant Protection in New York: Ten Years of Rent Stabilization,
7 Fordham Urb. L.J. 305
Available at: http://ir.lawnet.fordham.edu/ulj/vol7/iss2/4