Feature

HPD Releases Proposed Rule for Heat Sensors Program

March 18, 2024    
Buildings will now be selected for the program annually.    
Management Basics

Large Building Owners to Submit Benchmarking Data by May 1

March 18, 2024    
Penalties for missing the deadline start at $500 and increase quarterly.    
Landlord v. Tenant

Landlord v. Tenant: April 2024

March 18, 2024    
MAJOR CAPITAL IMPROVEMENTS Qualifying MCI Work Need Not Be Performed to Entire Building Complex Landlord of a large apartment complex containing 35 buildings applied to the DHCR for MCI rent hikes at 12 buildings, based on installation of new roofs, facade restoration, and related engineering fees...
In the News

DEP Expands Enforcement Actions Against Delinquent Water Accounts

March 18, 2024    
Delinquent accounts owe a total of $124 million.   During the pandemic, the NYC Department of Environmental Protection (DEP) saw a significant increase in the number and balance of delinquent accounts. In fact, the total of delinquent payments nearly doubled to $1.2 billion, which threatened...
In the News

TPU Secures $514K Settlement Against Landlord for Overcharging Rent

March 18, 2024    
Rent-regulated units were advertised as short-term rentals.  
Feature

Governor Signs New Rent-Stabilized Housing Legislation

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

How to Collect 2024–25 MBR Increases for Rent-Controlled Units

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

DOB Publishes Final Rule on Natural Gas Detectors

February 22, 2024    
Owners must comply on or before May 1, 2025.    
In the News

HPD Releases Initial Findings of 2023 Housing and Vacancy Survey

February 22, 2024    
In two years, the city’s vacancy rate has dropped from 4.54% to 1.4%.    
Feature

DOB Adopts Second Rules Package for Implementing Local Law 97

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....