In the News

Water Board Approves 4.9% Rate Hike Effective July 1

June 28, 2022    
The NYC Department of Environmental Protection (DEP) is responsible for proposing water rates, while the Water Board is responsible for establishing the rate following the proposal and subsequent public hearings. DEP delivers over a billion gallons of drinking water, treats 1.3 billion gallons of...
Feature

Dos & Don'ts When Dealing with Tenant-Installed Air Conditioners

May 19, 2022    
As summer approaches, many of your tenants may start to install air conditioners in their windows. Or they may ask a super to do the installation for them. But air conditioners that tenants or building employees improperly install or remove may cause you big trouble. They may fall out of windows...
New Laws & Regs

City Council Seeks to Strengthen Fire Safety Rules

May 19, 2022    
At a recent City Council hearing, councilmembers questioned fire and housing department leaders on the city’s safety inspections of residential buildings in the wake of a January fire at a high-rise in the Bronx that left 17 people dead. The Bronx apartment building fire, the city's...
In the News

RGB Votes for Rent Increases in Preliminary Vote

May 19, 2022    
In a preliminary vote on May 5, the Rent Guidelines Board (RGB) recommended increasing rents for rent-stabilized apartment buildings. The RGB is made up of nine mayoral appointees, two of whom represent tenants, two who represent landlords, and another five members who are supposed to act on behalf...
In the News

HPD Releases Initial Findings from the 2021 NYC Housing and Vacancy Survey

May 19, 2022    
The NYC Department of Housing Preservation and Development (HPD) recently released selected initial findings from the 2021 New York City Housing and Vacancy Survey (NYCHVS) after state lawmakers voted twice to delay the report by more than a year due to the COVID-19 pandemic and to accommodate U.S...
Landlord v. Tenant

Landlord v. Tenant: June 2022

May 19, 2022    
PROCEDURE—COURT Court Lifts ERAP Stay of Holdover Proceeding Against Occupant Landlord sued to evict apartment occupants as "licensees" after the unit's rent-stabilized tenant died. Shortly after landlord filed the holdover petition in August 2021, one of the occupants filed a...
Feature

DHCR Issues New Guidance on Electronic Leases, Lease Offers

April 22, 2022    
The DHCR has finally issued rules to permit rent-stabilized leases and lease renewals to be offered and accepted through electronic means. On March 25, the DHCR issued Operational Bulletin 2022-1, entitled “Electronic Lease Offering and Tenant’s Voluntary Consent.” The bulletin...
Rent Increases

RGB Releases 2022 Operating Cost, Income and Expense, Mortgage Reports

April 22, 2022    
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 meetings and hearings to consider research from staff and testimony from owners, tenants, advocacy groups, and industry...
Management Basics

File RPIE Statements, Storefront Registry Filings with DOF by June 1

April 22, 2022    
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 uses income and expense information gathered each year from this filing to value your property accurately for the 2023–24...
Landlord v. Tenant

Landlord v. Tenant: May 2022

April 22, 2022    
PROCEDURE—DHCR Late Filing of PAR Not Excused by Tenant's COVID Infection Tenant complained to the DHCR of rent overcharge. The DRA ruled against tenant, who then filed a PAR to appeal. The DHCR rejected tenant's PAR as untimely. Tenant acknowledged with her filing that the PAR was...