Management Basics

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...

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...