New Laws & Regs
August 24, 2023
Automatic audits of self-inspections, mandated abatement, and a new inspection program are on deck.
In the News
August 24, 2023
A state Supreme Court judge has dismissed a lawsuit brought by Airbnb against New York City over what Airbnb called “extreme and oppressive” restrictions and a “de facto ban” on listings of less than 30 days [Airbnb, Inc v. NYC Mayor’s Office of Special Enf’t,...
Landlord v. Tenant
August 24, 2023
RENT
Court Questions Whether Guaranty in Initial Lease Extended Upon Lease Renewal
Landlord sued to evict tenant in housing court for nonpayment of rent. In that prior proceeding, landlord obtained a judgment for rent owed in the amount of $45,100, and tenant moved out of the unit. Landlord then...
Feature
July 25, 2023
Is your building likely to be one of the 300 buildings inspected annually?
Part of the legislation that was passed in response to the January 2022 Twin Parks high-rise fire in the Bronx required the Department of Housing Preservation and Development (HPD) to propose rules relating to...
Management Basics
July 25, 2023
The DHCR recently updated NYC Renewal Lease Form (RTP-8) to incorporate the requirements of Rent Guidelines Board Order (RGBO) #55. The RGBO applies to renewal leases for rent-stabilized apartments, beginning anytime on or after Oct. 1, 2023, through Sept. 30, 2024.
Dos & Don'ts
July 25, 2023
Before you can sue to evict a tenant for not paying the rent, you must send the tenant a legal notice known as a “rent demand.” In it, you ask the tenant to pay the rent owed and give him a chance to pay before starting a nonpayment proceeding. Although this seems simple enough,...
Dos & Don'ts
July 25, 2023
Like other real estate businesses, you may be using ChatGPT, Bard, Bing, and other generative AI products, a.k.a. chatbots, for marketing purposes, such as developing advertising strategies, analyzing housing markets, and generating property listings, ads, social media posts, and other marketing...
In the News
July 25, 2023
The City Council recently voted 42-8 to override Mayor Adams’s recent veto of four bills intended to expand eligibility for city-issued rental vouchers. The bills, which initially passed in May, will eliminate several existing qualifications to access City Family Homelessness and Eviction...
In the News
July 25, 2023
Inspectors may soon have to report on landlords who try to contest their results.
Feature
June 22, 2023
On June 21, the NYC Rent Guidelines Board (RGB) voted to raise rents on rent-stabilized apartments. In a 5 to 4 vote, the RGB adopted guidelines for Rent Guideline Board Order (RGBO) #55, which sets the rent increases you may take for rent-stabilized tenants in New York City on leases beginning...
