Feature
June 26, 2020
The RGB freezes one-year renewal rents and sets a partial freeze for two-year renewals.
On June 17, in a 6 to 3 vote, the city’s Rent Guidelines Board (RGB) decided to freeze rents for rent-stabilized tenants with one-year leases. For two-year renewal leases, a 1 percent increase is...
Court Watch
June 26, 2020
On June 18, New York State Chief Administrative Judge Lawrence Marks issued a memo and two administrative orders regarding residential and commercial eviction proceedings. According to the memo, the court is concerned about the public health consequences from a “sudden high-volume influx of...
Management Basics
June 26, 2020
On June 22, New York City entered Phase 2 of Governor Cuomo’s phased approach to reopen industries and businesses in New York State. As part of Phase 2, real estate and rental-leasing industries are allowed to reopen their workplaces. This means brokerages, property managers, and development...
Management Basics
June 26, 2020
You must file an Annual Apartment Registration application with the DHCR for every rent-stabilized apartment you own by July 31, 2020, using the DHCR’s online Owner Rent Regulation Application system. As in past years, the penalty for not filing is stiff: You can’t collect a rent...
Management Basics
June 26, 2020
The DOB’s Facade Inspection and Safety Program (FISP) is offering an amnesty period beginning July 1, 2020. The amnesty period will give owners who didn’t file (No Report Filed - NRF) a Façade Report during Cycle 8 the opportunity to administratively close Cycle 8 with the Cycle 9...
