Check out market updates

NY rent law throws shade on Hamptons summer leases

New York’s pro-tenant rent law is wreaking havoc on a Hamptons institution: the summer rental. The sweeping law, passed in June, prohibits landlords from collecting more than one month’s rent upfront. That’s thrown a wrinkle into the summer plans of Hamptons homeowners, who typically rent their beach- and poolside properties in three-month blocs. “The issue is you can get stuck with a tenant who pays for June, and once August comes around, doesn’t pay,” Frank

The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>