Management Basics

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

November 19, 2021    

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: Complete Annual Bedbug Reporting by Dec. 31

November 19, 2021    

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 annually between Dec. 1 and Dec. 31 for the previous year, from November 2020 through October 2021.

DHCR Increases A/C Rent Surcharge for 2021–22

October 18, 2021    

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 $27.16, up $1.85 from $25.31 last year. This year’s increase reflects a 7.8 percent...

Updated Building Energy Efficiency Rating Label Available on Oct. 1

September 22, 2021    

Large building owners must post the label by Oct. 31 or face a $1,250 penalty.

 

Building Owner Heating Obligations as Heat Season Begins

September 22, 2021    

During “heat season” HPD responds to all heat and hot water complaints and, if adequate heat and hot water conditions aren’t corrected, HPD will impose penalties and may contract with private companies under the Emergency Repair Program to restore services to residents. In the...

OTDA Updates ERA Program FAQs, Clarifies Roommate Eligibility

July 22, 2021    

On June 1, nearly two months after lawmakers first created the $2.4 billion rental relief fund, the state Office of Temporary and Disability Assistance (OTDA) launched the online application portal allowing tenants and landlords to apply for rental assistance. At the time, OTDA said applications...

HPD Proposes New Definition for ‘Lead-Based Paint’

July 22, 2021    

To implement Local Law 66 of 2019, HPD has proposed a rule amending the definitions of lead-based paint. Local Law 66 of 2019 outlined new lead reference or action levels and standards relating to lead-based paint hazards.

File 2021 Rent Registrations Online by July 31

June 21, 2021    

You must file an Annual Apartment Registration application with the DHCR for every rent-stabilized apartment you own by July 31, 2021, using the DHCR’s online Owner Rent Regulation Application (ORRA) system. New York State law also requires owners to provide each tenant in occupancy with a...

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...