Legal News Line Sep. 1, 2015, 1:31pm

About 194 New York building owners were sent notices by the state for failing to fulfill the law's rent regulation requirements even though the owners accepted lucrative tax breaks, state Attorney General Eric Schneiderman said Wednesday.

Schneiderman and Gov. Andrew Cuomo were joined by James Rubin, commissioner of the New York State Homes and Community Renewal, and Vicki Been of the New York City Department of Housing Preservation & Development in announcing the notices Wednesday.

About 2,400 families and individuals live in the buildings that were sent notices. The buildings are all in New York City and are in an area where tenants are entitled to rent-regulated leases under the law.

“Landlords of rental buildings who accept these tax incentives must follow through on their end of the bargain and offer rent-regulated leases to their tenants,” Schneiderman said. “The Real Estate Tax Compliance Program we are announcing today will safeguard tenants’ rights, protect more than two thousand units of New York City’s rent-regulated housing stock, and ensure that our important and limited tax dollars are properly spent.”

Cuomo added the state won't “tolerate landlords who break the law and deny their tenants rent-regulated leases.”

“This partnership will help ensure that building owners who benefit from the 421-a program are living up to their responsibilities,” Cuomo said. “Owners who are not currently in compliance should get their act together immediately or face the real possibility of having the TPU freeze rents, pursue overcharges and seek damages.”

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