Management Basics

DHCR Updates Demolition Stipend Chart

April 23, 2024    

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...

File RPIE Statements, Storefront Registry Filings with DOF by June 3

April 23, 2024    

To retain your right to appeal to the Tax Commission, you must file your RPIE on time.


Large Building Owners to Submit Benchmarking Data by May 1

March 18, 2024    

Penalties for missing the deadline start at $500 and increase quarterly.



DHCR Updates NYC Lease Rider, ETPA Standard Lease Addenda

January 26, 2024    

Any lease offered on or after April 4, 2024, must have these updated documents attached.



DOF Publishes FY 2025 Tentative Assessment Roll

January 26, 2024    

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...

DOB Imposes New Deadline for Parking Structure Inspections

January 26, 2024    

Inspections for Subcycle 1B started Jan. 1.



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...

File Annual Drinking Water Storage Tank Inspection Results with DOHMH by Jan. 15

December 18, 2023    

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...

Provide Annual Stove Knob Cover Notices by Jan. 16

December 18, 2023    

Failure to provide requested documentation will result in a Class B hazardous violation.


Complete Annual Bedbug Reporting Requirement with HPD by Dec. 31

November 21, 2023    

Each year, apartment building owners are required to file bedbug infestation and treatment reports with HPD. Owners must file annually between Dec. 1 and Dec. 31 for the previous year from November 2022 through October 2023.  

Perform Indoor Allergen Hazard Investigations by Dec. 31

November 21, 2023    

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...

Post Updated Energy Grades for Large Buildings by Oct. 31

September 25, 2023    

Failure to post the label by the deadline may result in a civil penalty of $1,250.


Since 2020, buildings 25,000 square feet and larger have been required to publicly post their building’s energy efficiency grade by Oct. 31. Failure to display an energy grade of each...

What You Need to Know about NYC Heat Law Requirements

September 25, 2023    

The beginning of New York City’s eight-month-long “heat season” is coming soon, and owners must comply with the temperature requirements in NYC heat laws during the colder months. During heat season, HPD responds to all heat and hot water complaints and, if adequate heat and...