Rent Increases
January 26, 2024
Unsurprisingly, the majority of the items show a cost increase from 2023 to 2024.
On Jan. 3, the DHCR issued its third update to Operational Bulletin 2021-1. When the Housing Stability and Tenant Protection Act (HSTPA) was enacted, it directed the DHCR to create a schedule of...
Management Basics
January 26, 2024
Any lease offered on or after April 4, 2024, must have these updated documents attached.
Management Basics
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 at about $1.491 trillion...
Management Basics
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 2021 to require an...
Feature
December 18, 2023
Here’s what you need to do to comply.
Violations
December 18, 2023
Violators will feel the sting of inflation.
In pursuit of public safety, the Department of Housing Preservation and Development (HPD) is responsible for enforcing the law and acting against violators of the housing codes. When a property is not compliant with housing codes, HPD will...
Management Basics
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 per year....
Management Basics
December 18, 2023
Failure to provide requested documentation will result in a Class B hazardous violation.
In the News
December 18, 2023
The bill’s supporters view it as a step toward quantifying the scale of warehousing.
Feature
November 21, 2023
Here are the highlights that owners of rent-regulated apartments need to be aware of.
On Oct. 23, the DHCR announced that it filed the necessary “Notices of Adoption” required by law to enact rent regulatory amendments to the Rent Stabilization Code, the Tenant Protection...
