Attorney Derek Reed—partner at Ehrlich, Petriello, Gudin, Plaza & Reed, Attorneys at Law—was quoted in an article in the Star Ledger regarding current rent control issues in the city of Newark.
Newark recently adopted new rent control policies making it more difficult for landlords to raise the rent for rent-controlled properties, but on September 2nd, a proposal was deferred that would have made it somewhat easier for landlords to slightly raise the rent on rent-controlled apartments upon vacancy.
Attorney Reed is quoted as follows:
Derek Reed, an attorney for the Newark Apartment Owners Association, dismissed the allegations of any backroom dealing, saying any adjustments to the policy would be won on their own merits.
"I think those are reckless allegations that seem to impugn the very elected officials that have given the tenants the most restrictive rent control ordinance Newark has ever seen, and maybe the state has ever seen," he said. "We don't know what else they're being offered by the landlords."
Read the full article here.