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As far back as April, the Assembly speaker, Sheldon Silver, a Democrat from Manhattan, easily pushed through his house bills that would have extended rent regulation until 2008 (starting this past June 15) while also ending both vacancy decontrol and high-rent decontrol.
Typically, tenants 'uncertain' about the future of their businesses, put pressure on developers to get lower rental per square foot or to take less space, so developers feel that they have no other choice but to throw money at the problem by offering extended rent free periods or a free fit out which result in a spiral of diminishing value.
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The bill in the Democratic-controlled Assembly would extend rent regulations until 2016.
And the Senate has historically been far less vocal about extending rent regulations, let alone strengthening them.
A monthslong effort to extend rent regulations exploded into open political warfare, only to be resolved in the final moments.
"Listen, folks," he told hecklers last year when he was the sole council member to speak against extending rent control and rent stabilization protections for 1.1 million apartments.
Although the council's action will meet a March 31 deadline for extending rent regulation, it is not the last word in the debate this year.
Spurred in part by situations such as these, Mayor Bloomberg announced a proposal Wednesday to extend rent regulation to tenants in developments leaving the Mitchell-Lama program.
Though the City Council voted last week to extend rent regulation for the 1.1 million apartments in the city covered by the rules, vacant apartments may be deregulated.
Reminding his listeners of the 1997 rent wars, Sheldon Silver, the Assembly speaker, proposed legislation to end landlords' ability to deregulate apartments that reach $2,000 in monthly rent and extend rent regulation laws to 2008.
Instead, they appear to reflect a strategic tap dance as lawmakers look toward major policy battles in the coming weeks, including whether to legalize same-sex marriage, improve ethics rules and extend rent regulations.
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