Management Basics

DOF Extends RPIE Statements, Storefront Registry Filing Deadline to July 1

April 23, 2020    
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. In response to the COVID-19 pandemic, the DOF...
Management Basics

State, DOB Halt Non-Essential Construction Due to COVID Crisis

April 23, 2020    
New York State has halted non-essential construction. On March 27, Governor Cuomo amended the executive order, which required non-essential businesses and nonprofits to limit in-person work to curb COVID-19 transmission to include the suspension of all non-essential construction. Following the...
In the News

State Lawmakers Seek to Extend Eviction Moratorium

April 23, 2020    
On April 7, State Senators Brad Hoylman and Liz Krueger along with Assembly Member Jeffrey Dinowitz introduced the “Tenant Safe Harbor Act,” which would prohibit owners from evicting tenants for nonpayment of rent during New York’s current state of emergency and for six months...
In the News

NYS Coalition Calls for $10B for Emergency Housing and Rental Assistance

April 23, 2020    
On April 14, New York State Senator Brian Kavanagh, Assemblyman Andrew Hevesi, and over 200 state senators, Assembly members, City Council members, county executives, city-wide elected officials, tenant advocates, and owner organizations sent a letter to Senators Chuck Schumer and Kirsten...
Q & A

Will Insurance Cover COVID-Related Business Losses?

April 7, 2020    
The Insider spoke with Allen Wolff, a shareholder in the law firm Anderson Kill.   Q: Landlords are bracing for a drop in rental income as more and more tenants who lose their jobs stop paying rent. Would standard insurance that most landlords carry cover such a loss—that is, some kind...
Feature

COVID-19 Outbreak: Building Management Best Practices

March 19, 2020    
The risk of COVID transmission in residential buildings is low—as long as you follow proper protocols.  
Court Watch

Chief Administrative Judge Announces Statewide Eviction Ban

March 19, 2020    
Due to the coronavirus, New York State has suspended eviction proceedings indefinitely. A memo issued by New York’s Chief Administrative Judge Lawrence Malks effectively suspended eviction proceedings and pending eviction orders until further notice.
Rent Increases

IAIs Made Prior to HSTPA Enactment Not Limited to $15,000 Cap

March 19, 2020    
In early February, the DHCR released its online service that enables building owners to report information concerning individual apartment improvements (IAIs) for apartments subject to rent stabilization or rent control as required by the Housing Stability and Tenant Protection Act (HSTPA) of 2019...
Management Basics

Follow HSTPA Security Deposit Rules to Minimize Consumer Fraud Complaints

March 19, 2020    
At the beginning of March, to kick off National Consumer Protection Week, New York Attorney General Letitia James released the top 10 consumer fraud complaints her office received in 2019. After analyzing all consumer complaints received statewide throughout 2019, the AG’s office found that...
Landlord v. Tenant

Landlord v. Tenant: April 2020

March 19, 2020    
PASSING ON APARTMENTS Rent-Stabilized Tenant’s Daughter Forged Tenant’s Name on Renewal Leases Landlord sued to evict rent-stabilized tenant and his daughter. Landlord claimed that tenant left the apartment in 2004 and began living elsewhere, without notifying landlord of the change in...