Clock ticking on NYC rent regulations set to expire at midnight

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NEW YORK — Will state lawmakers let rent laws expire at midnight?

It's a real concern of more than 2 million New Yorkers living in rent-regulated apartments.

According to Mayor Bill de Blasio, "With every passing hour, New Yorkers are getting more and more anxious about the situation in Albany."

The rent regulation laws, controlled by the state, decide how much a landlord can charge.

"It's time for the governor to bring all the parties together and resolve this immediately," de Blasio said at City Hall Monday afternoon.

The Assembly wants stronger tenant protections while the Senate thinks there should be stricter income verification for renters.

And while state lawmakers hammer it out, people are worried that landlords will take advantage of a deadline lapsing.

"I worry about landlords sending false notices and trying to intimidate tenants and saying you have to move out tomorrow which isn't true," rent stabilized tenant Kelly Glenn said Monday.

But according to the Rent Stabilization Association, a group representing landlords, tenants do not have to worry about the midnight deadline.

"We are advising all of our owners to honor existing leases, to obey all city and state laws," RSA Executive Vice President Jack Freund said.

The mayor said if any landlord is caught harassing tenants or unlawfully trying to evict them, there will be repercussions. People are urged to call 311 for help.

There is the possibility lawmakers will extend the current regulations for a few days to allow more time to negotiate.

If and when a deal is reached, the new laws will be retroactive.