As an investor, this "Loft Law" should scare many

[Yaro L.]

Came across this article this morning. 

Manhattan couple hasn't paid rent on their $4,754-per-month apartment in almost SEVEN years citing little-known 'Loft law'

-The Chelsea flat should have costed them $4,754.02 per month

-Their landlords say they now owe $410,000 or they have to move

-The couple says they have a right to live in the apartment because of Loft Law

Article: 

http://nypost.com/2017/01/08/couple-renting-chelse...

[Sky Mikesell]

very interesting. if i needed one more reason to avoid the non-friendly landlord/tenant climate of NYC... you just gave me one. :) thanks for sharing.