In an open letter published in several newspapers, including The New York Times, the Real Estate Board of New York (REBNY) and owners of over 150,000 rental units throughout New York have voluntarily pledged not to execute any warrants of eviction for the next 90 days in response to the coronavirus (COVID-19) crisis.
The likes of Brookfield Property Group, The Durst Organization, Extell Development Company, Glenwood, Tishman Speyer, Two Trees, and Vornado Realty Trust were among those who pledged that “we will not execute any warrant of eviction for the next ninety days unless it is for criminal or negligent behavior that jeopardizes the life, health or safety of other residents. With all the stress, health risk and economic suffering going on now, no one should have to worry about losing their place to live during this crisis.”
As New York’s schools, landmarks, theaters, bars, restaurants, fitness centers, and other businesses close to contain the spread of COVID-19, many employees are worried about how to pay their rent during this trying time. This news surely comes as a relief.
The likes of Brookfield Property Group, The Durst Organization, Extell Development Company, Glenwood, Tishman Speyer, Two Trees, and Vornado Realty Trust were among those who pledged that “we will not execute any warrant of eviction for the next ninety days unless it is for criminal or negligent behavior that jeopardizes the life, health or safety of other residents. With all the stress, health risk and economic suffering going on now, no one should have to worry about losing their place to live during this crisis.”
As New York’s schools, landmarks, theaters, bars, restaurants, fitness centers, and other businesses close to contain the spread of COVID-19, many employees are worried about how to pay their rent during this trying time. This news surely comes as a relief.
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
