Feature
January 22, 2021
The latest application window for COVID rent relief ends Feb. 1.
When the New York State Legislature passed the Emergency Rent Relief Act of 2020 last May, the DHCR was charged with administering the program by disbursing $100 million from the state’s CARES Act money to eligible renters.
Rent Increases
January 22, 2021
On Jan. 12, the DHCR issued Operational Bulletin 2021-1, which replaces Operation Bulletin 2020-01. According to the DHCR, this bulletin is designed to be updated annually to reflect reasonable costs associated with major capital improvements (MCIs). The annual bulletin allows the DHCR to respond...
Management Basics
January 22, 2021
On Jan. 15, the NYC Department of Finance (DOF) announced the publication of the tentative property tax assessment roll for Fiscal Year 2022 (FY22). The tax assessment roll set the tentative values for all New York City properties. The FY22 tentative assessment roll shows the total market value of...
Management Basics
January 22, 2021
Stove knob covers are an important fire prevention tool. The covers make stove knobs on gas-powered stoves inaccessible to children. Local Law 117, which became effective in December 2018, requires that an owner of multiple dwellings provide stove knob covers for gas-powered stoves where the owner...
Landlord v. Tenant
January 22, 2021
EVICTION
Court Issues Eviction Warrant Under DRP 213 for Pre-Pandemic Case
Landlord sued to evict tenant for nonpayment of rent in October 2019. Landlord and tenant, represented by an attorney, signed a settlement agreement in December 2019. Tenant agreed to pay back rent due, and landlord agreed...
