New York City Councillors Call for Control of Property Rents

Hope to control the increase in rents for small businesses and so on. The proposal was shelved in the municipal committee, and they hoped that the proposal would be voted through again.

Jensen is an example. She started to open a restaurant in Brooklyn in 1998. At that time, the monthly rent was more than 2,000 US dollars and the lease was ten years. When she renewed the contract, the rent rose to 6,000 US dollars a month. Despite this, in 2016, she could only find a new storefront because the landlord refused to renew the contract.

City councilor Brad Lander, who is running for the city’s comptroller, also expressed support for this proposal. Currently, 26 city councillors jointly support this proposal.

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