Q & A
September 22, 2021
Q Can you show how to implement the rent guidelines for vacancy leases starting Oct. 1, 2021? The New York City Lease Rider for Rent-Stabilized Tenants (DHCR form RA-LR1) hasn’t been updated since September 2019 and doesn’t show how the rents change after six months with the recent rent...
Q & A
September 22, 2021
The Insider spoke with Jonathan Steward, vice president/producer, O&S Insurance Brokerage Group, to discuss why there are more and more exclusions in contractors’ insurance policies—and how to guard against them.
Insider: New York State’s one-of-a-kind Scaffold Law states that...
Management Basics
September 22, 2021
Large building owners must post the label by Oct. 31 or face a $1,250 penalty.
Management Basics
September 22, 2021
During “heat season” HPD responds to all heat and hot water complaints and, if adequate heat and hot water conditions aren’t corrected, HPD will impose penalties and may contract with private companies under the Emergency Repair Program to restore services to residents. In the...
Feature
August 25, 2021
On Aug. 12, the country’s highest court sided with a group of New York owners who challenged the state’s COVID Emergency Eviction and Foreclosure Prevention Act (CEEFPA). The CEEFPA was signed into law in December 2020, effectively freezing nearly all evictions in the state. In the...
Violations
August 25, 2021
Complying with the gas piping inspection requirements of Local Law 152 is putting owners of small buildings with illegal laundry rooms in a lather. Local Law 152 was passed as part of a larger package of regulations concerning gas line safety. Specifically, it imposes periodic inspections for gas...
In the News
August 25, 2021
On Aug. 10, the state Senate held a hearing with officials from the Office of Temporary and Disability Insurance (OTDA) on the rollout of the Emergency Rental Assistance Program (ERAP).
In the News
August 25, 2021
The Office of the New York State Comptroller recently issued a report on the problems plaguing the state's rent relief program. The report finds funds slow to move and not reaching low-income and minority New Yorkers. The report discusses the Emergency Rental Assistance Program (ERAP) rollout...
Feature
July 22, 2021
On June 23, the Rent Guidelines Board voted to freeze existing rents for six months before increasing rates by 1.5 percent for the remaining half of the year for one-year leases. The RGB also voted to raise rents on two-year leases by 2.5 percent. The new rates take effect for leases commencing...
Management Basics
July 22, 2021
On June 1, nearly two months after lawmakers first created the $2.4 billion rental relief fund, the state Office of Temporary and Disability Assistance (OTDA) launched the online application portal allowing tenants and landlords to apply for rental assistance. At the time, OTDA said applications to...
