Feature

RGB Approves Rent Hikes for One-Year, Two-Year Leases

June 24, 2024    
Use our chart to help calculate the increases.     On June 17, the NYC Rent Guidelines Board (RGB) voted to raise rents on rent-stabilized apartments. In a 5 to 4 vote, the RGB adopted guidelines for Rent Guideline Board Order (RGBO) #56, which sets the rent increases you may take for...
New Laws & Regs

City Council Passes More Parking Garage Safety Regulations

June 24, 2024    
The new regs mandate more frequent inspections and larger penalties.     As the due dates approach for one-time initial observations and Subcycle B filings for parking structure filings, the City Council recently passed a package of bills to improve parking garage safety by identifying...
Management Basics

File 2024 Rent Registrations Online by July 31

June 24, 2024    
You can’t collect a rent increase—or even apply for one—until you file.    
In the News

NYC Implements 485-x Housing Tax Break, 421-a Extension

June 24, 2024    
Developers can move ahead with approved developments under 421-a or reapply for 485-x.    
Feature

Enacted NYS Budget Updates IAI Rules for Rent-Stabilized Apartments

May 20, 2024    
The new IAI provision will go into effect in October 2024.    
New Laws & Regs

New York State Enacts Good Cause Eviction Law

May 20, 2024    
Eligible market-rate renters can now challenge certain rent hikes.    
In the News

NYC to Host First National Rat Summit

May 20, 2024    
Leaders of the rat race prepare to swap strategies.    
Feature

How to Comply with the City’s Cooling Tower Startup Regulations

April 23, 2024    
Cooling tower owners have only a short window of time to coordinate startup efforts.     Springtime marks the time of year when HVAC cooling towers are put back into service. The NYC Department of Health and Mental Hygiene (DOH) recently issued seasonal startup tips for cooling towers to...
Management Basics

DHCR Updates Demolition Stipend Chart

April 23, 2024    
The relocation stipends for demolition orders have been increased.     One of the grounds upon which an owner may end a rent-regulated tenancy is where the owner intends to demolish the building. However, in such situations, an owner must first obtain DHCR approval by filing an...
Management Basics

File RPIE Statements, Storefront Registry Filings with DOF by June 3

April 23, 2024    
To retain your right to appeal to the Tax Commission, you must file your RPIE on time.