Feature

Set Occupancy Benchmarks to Prevent Improper Pass-Ons

November 20, 2020    
Here’s how to keep track of who’s living in an apartment.  
New Laws & Regs

Mayor Expands City's Green New Deal to Rent-Regulated Buildings

November 20, 2020    
Mayor Bill de Blasio recently signed into law a bill that requires some rent-regulated buildings to abide by strict carbon emission caps. The bill, which was spearheaded by Queens Council Member Costa Constantinides, increases the threshold for rent-regulated buildings to be exempted from the city...
Q & A

Must You Inspect for Lead Paint When There’s No Child or Peeling Paint in Apartment?

November 20, 2020    
Q Under the new lead legislation, if an apartment is presumed to have lead, but there is no peeling paint and no child living in the apartment, do you have to have it inspected? If lead is found, what do you have to do?
Management Basics

Local Law 55: Perform Indoor Allergen Hazard Inspections by Dec. 31

November 20, 2020    
In New York City, Local Law 55 of 2018, the Asthma-Free Housing Act, requires that owners of buildings with three or more apartments keep their tenants’ apartments free of mold and pests. Under this law, an owner of multiple dwellings is required to inspect units annually for indoor allergen...
Management Basics

Local Law 69: File Annual Bedbug Report by Dec. 31

November 20, 2020    
As a result of Local Law 69 of 2017, apartment building owners are required to file bedbug infestation and treatment reports with HPD annually. Owners must file between Dec. 1 and Dec. 31 for the previous year from November 2019 through November 2020.
Feature

Old Rules vs. New Rules: Anatomy of HSTPA's Effect on Rent Increases

October 26, 2020    
The Housing Stability and Tenant Protection Act (HSTPA) of 2019, which went into effect on June 14, 2019, made dramatic changes to how rents can be raised. It changed formulas for vacancy leases, major capital improvements (MCI), and individual apartment improvements (IAI). Before HSTPA, rent...
Management Basics

DHCR Increases Air Conditioner Rent Surcharge for 2020-21

October 26, 2020    
The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $25.31, up $0.37 from $24.94 last year. This year’s increase reflects a 1.48 percent...
Court Watch

Chief Judge Lifts Suspension of Eviction Cases

October 26, 2020    
On Oct. 9, New York State Chief Administrative Judge Lawrence K. Marks issued a memorandum revising the procedure for addressing residential eviction proceedings. “All residential eviction matters—nonpayment and holdover, without regard to the date of commencement—may resume...
In the News

District Attorney Candidate Wants to Prosecute Owners for IAI Fraud

October 26, 2020    
Diana Florence has joined the crowded field challenging Cyrus Vance, the incumbent District Attorney of New York County. Florence is one of nine candidates challenging incumbent DA Cyrus Vance in a primary race that will culminate next June 2021. She began her career as a prosecutor 25 years ago in...
In the News

Gov. Cuomo Extends Commercial Eviction, Foreclosure Ban until January

October 26, 2020    
For the fourth time since the COVID-19 pandemic hit New York in March, Gov. Andrew Cuomo said he will extend a moratorium on evicting commercial tenants, this time until Jan. 1, 2021. The most recent moratorium was set to expire on Oct. 20, and Cuomo’s extension for commercial tenants is in...