Feature

Enacted NYS Budget Updates IAI Rules for Rent-Stabilized Apartments

May 20, 2024    
The new IAI provision will go into effect in October 2024.    
New Laws & Regs

New York State Enacts Good Cause Eviction Law

May 20, 2024    
Eligible market-rate renters can now challenge certain rent hikes.    
In the News

NYC to Host First National Rat Summit

May 20, 2024    
Leaders of the rat race prepare to swap strategies.    
Feature

How to Comply with the City’s Cooling Tower Startup Regulations

April 23, 2024    
Cooling tower owners have only a short window of time to coordinate startup efforts.     Springtime marks the time of year when HVAC cooling towers are put back into service. The NYC Department of Health and Mental Hygiene (DOH) recently issued seasonal startup tips for cooling towers to...
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 approval by filing an...
Management Basics

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.  
In the News

Mayor Announces Launch of NYC's First-Ever Tenant Protection Cabinet

April 23, 2024    
The TPC will work to address housing complaints across the five boroughs.   The city recently launched the Tenant Protection Cabinet (TPC), a city agency dedicated to protecting tenants. It’s a multi-agency collaboration intended to serve renters in New York City by creating pathways to...
In the News

RGB Releases 2024 Income & Expense, Affordability, Operating Costs Reports

April 23, 2024    
Operating costs rose an average of 6.1% between 2021 and 2022, while net operating income increased 10%.   The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public...
Feature

HPD Releases Proposed Rule for Heat Sensors Program

March 18, 2024    
Buildings will now be selected for the program annually.    
Management Basics

Large Building Owners to Submit Benchmarking Data by May 1

March 18, 2024    
Penalties for missing the deadline start at $500 and increase quarterly.