Feature

Q&A on HPD's Alternative Enforcement Program

February 23, 2018    
Mayor Bill de Blasio recently announced that 250 apartment buildings have been placed in the Department of Housing Preservation and Development’s (HPD’s) Alternative Enforcement Program (AEP). The AEP was established in 2007 with the New York City Safe Housing Law (Local Law No. 29 of...
Rent Increases

How to Collect 2018–19 MBR Increases for Rent-Controlled Units

February 23, 2018    
The Division of Housing and Community Renewal (DHCR) recently updated its website with the necessary forms you have to fill out to start the process for increasing the rents of your rent-controlled apartments during the 2018-19 maximum base rent (MBR) cycle. Once you receive the orders of...
Management Basics

File 2018 Fuel Cost Adjustment Forms Online by April 2

February 23, 2018    
On Jan. 22, the DHCR issued new fuel cost adjustment factors for rent-controlled apartments for the 2017 calendar year. The prices are based on a study of home heating oil prices provided by the NYC Rent Guidelines Board oil survey, a NYS Energy Research and Development Authority report, rate...
Management Basics

Send Tenant 2018 DHCR Form if Rent Is $2,733.75 or More

February 23, 2018    
Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,733.75 may be petitioned for high-income rent deregulation. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income high-rent deregulation by raising the threshold...
Landlord v. Tenant

Landlord v. Tenant: March 2018

February 23, 2018    
APARTMENT RENOVATIONS Court Upholds Tenant’s Agreement to Temporarily Relocate During Construction Tenant sued landlord, claiming that tenant’s temporary relocation agreement was void as it improperly waived tenancy benefits. Tenant claimed that she was forced out of her apartment for...
Feature

Follow Five Dos & Don’ts When Tenant Denies Access for Repairs

January 26, 2018    
If a rent-regulated tenant has filed a reduced service complaint with the DHCR, you’ll need access to the tenant’s apartment to investigate the complaint and make any needed repairs. You’ll also need access to make repairs if you’re trying to get the rent restored after a...
New Laws & Regs

City Council Passes Real Estate-Related Laws for 2018

January 26, 2018    
In December, in the last legislative session of 2017, the City Council passed a number of bills affecting owners. They are intended to go into effect in 2018. After a bill is passed by the City Council, it is presented to the mayor, who has 30 days to either sign the bill into law, veto the bill,...
Management Basics

DOF Publishes FY 2019 Tentative Property Tax Assessment Roll

January 26, 2018    
On Jan. 17, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year 2019. At this time, the DOF sends each owner a Notice of Property Value, which is the tentative assessment for the next fiscal year conveying the market value of the...
In the News

Mayor Implements Predatory Equity Bill

January 26, 2018    
Last year, the City Council voted unanimously on the “Predatory Equity Bill,” which creates a watch list of rent-regulated buildings where tenants are potentially vulnerable to investors who may want to kick them out. Mayor de Blasio recently signed the bill into law.
In the News

Court Upholds Water Board’s 2017 Rate Increase and One-Time Credit

January 26, 2018    
The state’s highest court recently overturned the lower court ruling that blocked a one-time $183 credit for owners of one-, two-, and three-family dwellings. At the same time, the Water Board increased charges in 2017 for owners of apartment, co-op, and condo buildings. Apartment owners...