Bklyner: LookBack Law Could Change Rental Game

Now, as Albany lawmakers attempt to pass nine key rent regulation laws before the June deadline, State Sen. Myrie is targeting the restrictive statue in what he’s dubbed the Lookback Bill.

“When a landlord is coming to you to pay rent every month, they do so under the guise that this is a contract,” said Myrie. “In all other areas of contract law, the statue of limitation is six years, not four. This is a gift to the real estate industry to curtail people’s ability to look,” said Myrie of the difference between contract law and the state’s four-year restrictions.

Read the full story at Bklyner here.