Management Basics

File RPIE Statements, Storefront Registration with DOF by June 1

April 23, 2021    

The NYC Department of Finance (DOF) requires certain owners of residential properties to file the Real Property Income & Expense Statement (RPIE) every year. The DOF uses income and expense information gathered each year from this filing to value your property accurately for the 2022–...

DOF Publishes FY 2022 Tentative Property Tax Assessment Roll

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...

Compliance Reminder: Provide Annual Stove Knob Cover Notices

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...

Post Hurricane Evacuation Notices If Building Is in Evacuation Zone

December 18, 2020    

The New York City Fire Department recently adopted rules implementing Local Law 103 of 2019. This law, which took effect on Oct. 6, 2019, requires apartment building owners (Group R-2 buildings and occupancies) within a hurricane evacuation zone, as designated by the Commissioner of the Office...

Local Law 55: Perform Indoor Allergen Hazard Inspections by Dec. 31

November 20, 2020    

In New York City, Local Law 55 of 2018, the Asthma-Free Housing Act, requires that owners of buildings with three or more apartments keep their tenants’ apartments free of mold and pests. Under this law, an owner of multiple dwellings is required to inspect units annually for indoor...

Local Law 69: File Annual Bedbug Report by Dec. 31

November 20, 2020    

As a result of Local Law 69 of 2017, apartment building owners are required to file bedbug infestation and treatment reports with HPD annually. Owners must file between Dec. 1 and Dec. 31 for the previous year from November 2019 through November 2020.

DHCR Increases Air Conditioner Rent Surcharge for 2020-21

October 26, 2020    

The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $25.31, up $0.37 from $24.94 last year. This year’s increase reflects a 1.48 percent...

Know Your Heating Obligations as 'Heat Season' Begins

September 24, 2020    

The 2020–2021 “heat season” begins on Oct. 1 and continues through May 31, 2021. As heat season begins and colder weather is around the corner, owners must be aware of the temperature requirements for all apartments. HPD responds to all heat and hot water complaints and, if...

Post Large Building Energy Efficiency Rating Label by Oct. 31

September 24, 2020    

The NYC Benchmarking Law, Local Law 84 of 2009 as amended by Local Law 133 of 2016, requires owners of large buildings to measure their energy and water consumption annually in a process called benchmarking. The law standardizes this process by requiring building owners to enter their annual...

Perform Gas Piping Inspection for Community District 1, 3, 10 Buildings by Dec. 31

August 26, 2020    

On Sept. 13, 2019, the DOB adopted a new Section 103-10 to Title 1 of the Rules of New York City, regarding the periodic inspection of gas piping systems. This was the culmination of a three-year long process to give effect to Local Law 152 of 2016, which requires periodic inspections of “...

Notify Struggling Tenants of Rent Relief Program

July 23, 2020    

The DHCR is currently administering a COVID Rent Relief Program that will provide eligible households with a one-time rental subsidy that will be sent directly to the owner. Applicants won’t need to repay this assistance. Applications will be accepted from July 16 through July 30.

Follow New Procedures for OATH/ECB Hearings

July 23, 2020    

If you’ve received a summons regarding a notice of violation from any city agency, you must follow certain procedures to respond. NYC’s Office of Administrative Trials and Hearings/Environmental Control Board (OATH) is the administrative tribunal that conducts hearings on notices of...