AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,461 Decreased By -60.9 (-0.81%)
BR30 24,171 Decreased By -230.9 (-0.95%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)
World

New York state passes tough new anti-eviction bill

  • The New York Times described the measures as "one of the most comprehensive anti-eviction laws in the nation."
Published December 29, 2020

WASHINGTON: New York's state assembly on Monday passed tough laws to protect renters from eviction during the coronavirus pandemic, as rising unemployment and a weakened US economy make it difficult for many tenants to make rent.

The new laws, passed in a special session of the state legislature, came just days before existing bans on evictions were due to expire at the end of the year.

The latest measures bar most landlords from evicting tenants who are unable to pay their rent for at least another 60 days, the New York Times reported.

They will also protect many small landlords from the risk of foreclosure due to lost rental income.

"We want to make sure that homeowners are protected, that it doesn't affect their credit rating, there's no mortgage foreclosure," the state governor Chris Cuomo said before the vote.

The bill also renews tax exemptions for elderly or disabled homeowners.

The New York Times described the measures as "one of the most comprehensive anti-eviction laws in the nation."

It halts proceedings on existing evictions already in the courts for the next 60 days and stops any new proceedings until at least May 1.

"We want to get to May 1 and we'll see what happens by May but we want to protect tenants," said Cuomo, the Democratic governor.

Comments

Comments are closed.