WASHINGTON, Nov 12 (Reuters) - The U.S. Supreme Court declined on Tuesday to hear a bid by landlord groups to challenge rent stabilization laws in New York City that cap rent hikes and make it harder to evict tenants. The justices turned away appeals by ...

The U.S. Supreme Court allowed New York's rent control system to continue as it turned down two appeals that claim the rules violate apartment landlords' constitutional rights, according to a media report.

The justices turned away appeals by property owners of lower court rulings that found the city's price and eviction controls do not violate what is known as the "takings clause" of the U.S. Constitution's Fifth Amendment, which bars the government from taking property without compensating owners.