Renewal leases must keep the same terms and conditions as the expiring lease.
The DHCR recently updated NYC Renewal Lease Form (RTP-8) to incorporate the requirements of Rent Guidelines Board Order (RGBO) #56. The RGBO applies to renewal leases for rent-...
The NYC Department of Health and Mental Hygiene (DOHMH) recently issued a checklist of cooling tower operating tips during heat waves. According to the notice, hot and humid weather that may cause disruptions from elevated condenser water temperatures, microbiological fouling, and rapid...
The relocation stipends for demolition orders have been increased.
One of the grounds upon which an owner may end a rent-regulated tenancy is where the owner intends to demolish the building. However, in such situations, an owner must first obtain DHCR...
Class 2 rentals saw a market value increase of 5.7 percent.
On Jan. 16, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2025, which shows the total market value of all NYC properties...
If your apartment building has a parking structure, you should know that the Department of Buildings has adopted stricter inspection requirements for owners this year. In November 2023, DOB amended Local Law 126 of...
Drinking water tanks help deliver pressurized water to some buildings with more than six floors.
New York City has a set of laws in place requiring owners of buildings that use these tanks to store or pressurize the building’s drinking water to inspect and clean them at least once...
