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Beacon tenants briefed on 30/60/90 notices and local good-cause eviction protections
Summary
Presenter explained that market-rate month-to-month tenancies require 30/60/90 days written notice of termination tied to length of residence and that Beacon has opted into New York State's good-cause eviction protections, which limit rent increases (CPI+5% example ≈8.45% for 2024) and require statutory eviction grounds.
At the seminar George Haddad explained how notice requirements work for market-rate month-to-month tenants: landlords must give 30, 60 or 90 days’ written notice to terminate depending on how long a tenant has lived in the unit.
Haddad said: "If you've lived there for less than a year, then you're entitled to a 30 day notice... if you've lived somewhere for more than 2 years, you're entitled to a 90 day notice." He added that landlords may not need a reason to terminate if the unit is not covered by good-cause or other protections.
Haddad reviewed New York State’s April 2024 good-cause framework and said Beacon has opted in. He explained the default rent-cap mechanism (consumer price index plus 5%), noting that the example on the slide for 2024 showed an approximate increase of 8.45% and that landlords exceeding that must justify higher increases with financial evidence in court.
He also clarified that some buildings and programs (Section 8, LIHTC/light-tech) are exempt from good-cause rules because they are governed by other regulatory regimes that already limit rent or provide lease-renewal protections.
