Feature
February 22, 2024
We highlight the significant changes.
In December 2023, Governor Hochul signed legislation (S2980C/A6216B) that seeks to strengthen rent-stabilized tenant protections. The legislation broadens the definition of fraud in rent overcharge cases, requires owners going forward to get...
Rent Increases
February 22, 2024
New York City Local Law 30 of 1970 stipulates that Maximum Base Rents be established for rent-controlled apartments according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value, and vacancy and collection loss...
New Laws & Regs
February 22, 2024
Owners must comply on or before May 1, 2025.
In the News
February 22, 2024
In two years, the city’s vacancy rate has dropped from 4.54% to 1.4%.
Feature
January 26, 2024
The city’s landmark climate law went into effect Jan. 1.
DOB recently adopted a second major rules package for the implementation of Local Law 97 of 2019, the city's carbon emissions law that places limits on greenhouse gases coming from the city’s largest buildings....