Real Estate

City using 1960s-era law to fight “worst landlords”

therealdeal.comThe de Blasio administration is digging deep into the past – 54 years deep, to be exact – to punish those on the city’s “Worst Landlord Watchlist.”

The city will use the 1962 Speigel law, which allows it to cease rent payments on behalf of tenants living on public assistance should their building have a number of housing violations, as a “back to the future kind of solution” to dealing with bad landlords, Mayor Bill de Blasio said Thursday.

While the measure was commonly used during the former Mayor Ed Koch’s administration, it eventually fell out of favor. But de Blasio is bringing it back, and the city has already informed eight landlords who own a combined 12 buildings that it would begin withholding rents, according to the New York Daily News.

Categories: Real Estate

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