Landlord group suing the city over higher rents in the Bronx

The largest landlord group, Rent Stabilization Association (RSA), is suing the city over recently approved rent hikes.

The Rent Guidelines Board approved a rent increase in June 2005 that raises one-year leases by 2.75 percent and two-year leases by 5.5 percent. RSA, which represents an estimated 25,000 landlords throughout New York, says the hikes are pushing them to poverty. RSA says the board did not factor in the dramatic rise in fuel costs over the past year. RSA says raised rents will especially hurt smaller landlords who do not have the volume of tenants to cover rising fuel costs.

RSA landlords are responsible for an estimated one million units of housing throughout the Bronx and the other four boroughs.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."