NY state legislators propose bills to protect land-lease co-ops from land rent hikes

… that sit on top of land they dont own but instead rent from landowners through a ground lease If passed the bills would … ground rent increases to 3 percent or the consumer price index whichever is greater As these leases expire the people … a  324unit coop that turned to Albany lobbyists to push for the legislation from a possibly staggering milliondollar …

By Celia Young |May 15, 2024 - 12:30PM