Feature

FDNY Proposes Changes to Fire Safety Guides, Distribution Requirements

July 26, 2018    
The New York City Fire Department (FDNY) recently proposed a rule that would change the content and delivery of the annual residential fire safety guides. A rule is a type of law that is proposed and adopted by a city agency. The rulemaking process generally takes a minimum of 60 days, and during...
Rent Increases

Take 1.5% and 2.5% Rent Increases for Renewal Leases

July 26, 2018    
On June 26, 2018, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #50—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2018, through Sept. 30, 2019. This order’s permitted...
In the News

City Council Passes Bill to Require Airbnb to Disclose Host Data

July 26, 2018    
The New York City Council recently passed a bill that requires Airbnb and other home-sharing sites to provide the names and addresses of its hosts to the city. Under state law, it’s illegal to rent out an apartment for less than 30 days unless the permanent tenant is there. If the host is...
In the News

Comptroller Issues Report on Security Deposits, Recommends Reforms

July 26, 2018    
City Comptroller Scott Stringer recently issued a report looking at the role security deposits play in the city’s housing market and outlines proposed statewide legislation that would help renters have access to apartments. According to the report, with minimal savings and rising rents among...
In the News

Mayor Announces Housing Milestone, Formation of Tenant Anti-Harassment Unit

July 26, 2018    
Mayor de Blasio recently touted a new housing record. He said the city financed more than 32,000 low-income homes this past year, and nearly 110,000 since taking office. Of those, about 30 percent are new construction, while the rest have been preserved through subsidy. The mayor said the city is...
Landlord v. Tenant

Landlord v. Tenant: August 2018

July 26, 2018    
LEASES
Feature

Q & A on Collecting Security Deposits from Rent-Stabilized Tenants

June 20, 2018    
When renting rent-stabilized apartments, you probably require security deposits from tenants, in case they cause any damage. A security deposit is money that a tenant deposits with the owner of the apartment for the repair of any damages to the apartment for which the tenant is responsible. Various...
Management Basics

File 2018 Rent Registrations Online by July 31

June 20, 2018    
You must file an Annual Apartment Registration application with the DHCR for every rent-stabilized apartment you own by July 31, 2018, 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...
In the News

Advisory Commission to Recommend Reforms to Property Tax System

June 20, 2018    
Mayor de Blasio and Council Speaker Johnson recently announced the formation of a new advisory commission to develop recommendations to reform NYC’s property tax system with the goal of making it simpler, clearer, and fairer, while ensuring that there is no reduction in revenue used to fund...
In the News

State Audit Finds False Elevator Inspections, Overlooked Safety Hazards

June 20, 2018    
An audit by state comptroller Thomas DiNapoli found that annual elevator inspections by outside contracted companies need stronger oversight. The audit looked at work done by certified elevator inspectors who worked for companies contracted by the DOB. While the DOB has 48 staff inspectors (as of...