Feature
February 21, 2020
Most owners know that NYC’s façade inspection safety program (FISP), formerly known as Local Law 11, requires periodic inspections of a building’s exterior façades. These inspection requirements were initiated in response to fatal injuries from falling masonry. Most recently, in...
Rent Increases
February 21, 2020
NYC Local Law 30 of 1970 stipulates that Maximum Base Rents be established for rent-controlled apartments according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value, and vacancy and collection loss allowance....
Dos & Don'ts
February 21, 2020
If you have rent-stabilized tenants in your building and you’re considering switching from a key- or fob-based entry system to a biometric fingerprint system, you may want to reconsider.
In the News
February 21, 2020
Recently, a New York State judge temporarily blocked the state’s guidance that had effectively barred tenants from having to pay a broker fee. The judge’s order prevents legal action against brokers who collect a fee, until both sides can present their case on March 13, 2020.
In the News
February 20, 2020
City Comptroller Scott Stringer recently issued a policy brief calling for a “Tenant Bill of Rights” to be provided in every lease packet. He’s calling for legislation that would mandate this communication. Stringer believes current leases are confusing to tenants and can hide...
Landlord v. Tenant
February 20, 2020
LANDLORD’S NEGLIGENCE
Landlord Not Required to Inspect Smoke Detector
Tenant sued landlord after he was injured during a fire in his apartment. Tenant claimed that landlord failed to provide an operable smoke detector because it didn’t regularly inspect the smoke detector. The court...
Feature
January 21, 2020
The de Blasio administration recently released a draft report that outlined plans to promote fair housing in New York City for the next five years. The impetus for the “Where We Live” report began during the Obama administration when the federal government wanted to strengthen...
Rent Increases
January 21, 2020
The Housing Stability and Tenant Protection Act (HSTPA) of 2019 requires owners to notify the DHCR of all individual apartment improvements (IAIs) and requires the DHCR to establish a “centralized electronic retention system” for tracking IAIs. Recently, the DHCR announced that on or...
New Laws & Regs
January 21, 2020
Local Law 110 of 2019 went into effect on Dec. 5, 2019. This law requires residential property owners to post or sometimes distribute copies of DOB/OATH (Office of Administrative Trials and Hearings) violations along with an informational flyer for tenants.
The requirements of this law apply only...
Management Basics
January 21, 2020
In 2014 and 2015, New York City experienced two deadly gas explosions that prompted lawmakers to pass gas safety legislation in 2016. One explosion in March 2014 brought down two five-story apartment buildings in East Harlem, leaving more than 100 families homeless. And the other explosion occurred...
