Just Cause Eviction New York

[Michelle G.]

Hi,

Small time Suffolk, NY landlord.  My husband and I have 3 single family rentals that we are using as part of our retirement plan.  My concern is the newest bill NY is trying to pass after a huge tenant rights law was just passed last year.  I am in the process of rehabbing a house to rent but honestly I might just decide to sell.  If my understanding is correct (I hope it is not). Selling my home in 5 years when I retire is contingent upon the tenant agreeing to leave.  Essential if they are a good tenant they can stay indefinitely and I can increase rent by 3.5% a year max. I would really like thoughts on this as I am super concerned.