Management Basics

DHCR Reduces Air-Conditioner Rent Surcharge for 2016-17

October 7, 2016    

The Division of Housing and Community Renewal (DHCR) recently announced a cut in this year’s air-conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $26.65, down from $28.94 last year. This year’s decrease reflects the decrease in the price...

Building Owner Obligations as Heating Season Begins

September 23, 2016    

During the previous “heat season,” the Department of Housing Preservation and Development (HPD) fielded 200,904 heat complaints. The current heat season begins on Oct. 1 and continues through May 31, 2017. During this time period, residential building owners with tenants are required...

Submit Right Documents When Making Records Access Request

July 13, 2016    

From time to time, you may need to ask the DHCR for certain information or documents. For example, you may be defending against a reduced services complaint and want to see the DHCR inspection report, or you may want a printout of all cases currently pending at the DHCR for a building you’...

File 2016 Rent Registrations Online by July 31

June 23, 2016    

You must file an Annual Apartment Registration application with the DHCR for every rent-stabilized apartment you own by July 31, 2016, using the DHCR’s online Owner Rent Regulation Application system. As in past years, the penalty for not filing is stiff: You can’t collect a rent...

File RPIE Statements by June 1

April 22, 2016    

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 needs income and expense information each year to value your property accurately.

Large Building Owners to Submit Benchmarking Data by May 1

April 22, 2016    

Local Law 84 (LL84) requires owners of large buildings to annually measure their energy and water consumption in a process called benchmarking. LL84 standardizes this process by requiring building owners to enter their annual energy and water use in the U.S. Environmental Protection Agency...

Send Tenant 2016 DHCR Form if Rent Is $2,700 or More

February 22, 2016    

Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,700 as of May 1, 2016, may be petitioned for High Income Rent Deregulation this year. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income high-rent...

File 2016 Fuel Cost Adjustment Forms Online by April 1

February 22, 2016    

On Jan. 22, the DHCR issued new fuel cost adjustment factors for rent-controlled apartments for the 2015 calendar year. The prices are based on a study of home heating oil prices provided by the NYC Rent Guidelines Board oil survey, a NYS Energy Research and Development Authority report, rate...

Meet Snow Removal Deadlines to Avoid Fines

February 22, 2016    

To avoid fines for snow and ice on your sidewalk this winter, be sure to follow a smart snow removal policy. Section 16-123 of the city’s Administrative Code requires you to remove snow and ice from the sidewalk in front of your building. Fines range from $100 to $150 for the first...

How to Build Case Against Tenants Profiteering on Short-Term Rental Sites

January 22, 2016    

The proliferation and popularity of short-term rental sites such as Airbnb have created vexing problems for owners. Due to these sites, it’s now quite simple, for example, for tenants to connect with travelers and attempt to sublet your apartments and make a hefty profit. Tenants can...

Use DOS Recycling Program for Christmas Trees and Wreaths

December 18, 2015    

Again this year, the city’s Department of Sanitation (DOS) has a recycling program for Christmas trees and wreaths. It should make getting rid of trees and wreaths after the holiday much easier for you. Recycling trees and wreaths doesn’t just help the environment. It also helps...

DHCR Reduces Air-Conditioner Rent Surcharge for 2015-16

October 21, 2015    

The Division of Housing and Community Renewal (DHCR) recently announced a cut in this year’s air-conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $28.94, down from $36.63 last year. This year’s decrease reflects the 4.69 percent decrease...