Feature

What Owners Need to Know About NYC Security Deposit Laws

July 28, 2022    
The rules apply to all tenants, not just rent-regulated ones.   A security deposit is money a tenant deposits with the building owner that protects the owner if the tenant stops paying rent, skips out early on the lease, or damages the apartment. In New York, security deposits are governed by...
Management Basics

DHCR Issues Updated Renewal Lease Form

July 28, 2022    
The DHCR has modified the NYC Renewal Lease Form (RTP-8) to incorporate the requirements of Rent Guidelines Board Order #54. With the latest order, the city’s Rent Guidelines Board voted to allow you to take a 3.25 percent increase on one-year renewal leases and a 5 percent increase on two-...
Q & A

Switching from Gas to Electric Stoves in Rent-Stabilized Apartments

July 28, 2022    
Q I own a small mixed-use building in Brooklyn with two commercial tenants, three rent-stabilized tenants, and three market-rate tenants. As a result of Local Law 152 gas piping inspection requirements, I will have to replace five of the stove gas lines used by the residential tenants to pass the...
In the News

OTDA to Begin Processing Additional ERAP Applications

July 28, 2022    
On July 21, the State Office of Temporary and Disability Assistance (OTDA) announced that it is “actively reviewing and processing eligible Emergency Rental Assistance Program (ERAP) applications submitted through June 30, 2022.” This announcement came about because the 2022–23...
In the News

Judge Orders Owner to Pay $70K for Disability Discrimination

July 28, 2022    
HUD recently announced that an Administrative Law Judge found that a Long Island landlord violated the Fair Housing Act when he refused to rent to a mother and her daughter because of the daughter’s cerebral palsy. The judge ordered the owner to pay $50,530 in damages to the family and a $20,...
Landlord v. Tenant

Landlord v. Tenant: August 2022

July 28, 2022    
PROCEDURE—COURT ERAP Stay Vacated by Court Where Occupant Was Former Super Who Never Paid Rent Landlord sued to evict its former building superintendent after his employment was terminated in October 2021. The super had lived in one of landlord’s apartments since 2017 in connection with...
Feature

How to Implement RGBO #54 Rent Increases

June 28, 2022    
RGB votes for sharpest increase in nearly a decade.  
Management Basics

File 2022 Rent Registrations Online by July 31

June 28, 2022    
Not complying with the annual rent registration requirements can result in a retroactive rent freeze.  
New Laws & Regs

City Council Votes to Require Self-Closing Door Inspections

June 28, 2022    
On June 2, the City Council voted on legislation requiring inspections for self-closing doors in residential buildings. This is an additional fire safety measure to prevent fire tragedies, and it complements the recent legislative package that was passed in May and signed into law on June 1. These...
New Laws & Regs

Governor Signs Hotel Conversion Bill

June 28, 2022    
On June 7, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes and unlocks $200 million in state funds to finance the conversions. The bill cites both the lack of...