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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

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