Management Basics
February 23, 2018
On Jan. 22, the DHCR issued new fuel cost adjustment factors for rent-controlled apartments for the 2017 calendar year. The prices are based on a study of home heating oil prices provided by the NYC Rent Guidelines Board oil survey, a NYS Energy Research and Development Authority report, rate...
Management Basics
February 23, 2018
Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,733.75 may be petitioned for high-income rent deregulation. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income high-rent deregulation by raising the threshold...
Landlord v. Tenant
February 23, 2018
APARTMENT RENOVATIONS
Court Upholds Tenant’s Agreement to Temporarily Relocate During Construction
Tenant sued landlord, claiming that tenant’s temporary relocation agreement was void as it improperly waived tenancy benefits. Tenant claimed that she was forced out of her apartment for...
Feature
January 26, 2018
If a rent-regulated tenant has filed a reduced service complaint with the DHCR, you’ll need access to the tenant’s apartment to investigate the complaint and make any needed repairs. You’ll also need access to make repairs if you’re trying to get the rent restored after a...
New Laws & Regs
January 26, 2018
In December, in the last legislative session of 2017, the City Council passed a number of bills affecting owners. They are intended to go into effect in 2018. After a bill is passed by the City Council, it is presented to the mayor, who has 30 days to either sign the bill into law, veto the bill,...
Management Basics
January 26, 2018
On Jan. 17, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year 2019. At this time, the DOF sends each owner a Notice of Property Value, which is the tentative assessment for the next fiscal year conveying the market value of the...
In the News
January 26, 2018
Last year, the City Council voted unanimously on the “Predatory Equity Bill,” which creates a watch list of rent-regulated buildings where tenants are potentially vulnerable to investors who may want to kick them out. Mayor de Blasio recently signed the bill into law.
In the News
January 26, 2018
The state’s highest court recently overturned the lower court ruling that blocked a one-time $183 credit for owners of one-, two-, and three-family dwellings. At the same time, the Water Board increased charges in 2017 for owners of apartment, co-op, and condo buildings. Apartment owners...
In the News
January 26, 2018
A study published in the Journal of Pediatrics in 2016 found that despite decades of work to reduce lead in paint, dust, and water, about 3 percent of children around the country exhibit high levels of the metal in their blood. According to the study, the problem is particularly acute in parts of...
Landlord v. Tenant
January 26, 2018
RENT STABILIZATION COVERAGE
Court Applies Law Retroactively to Find Apartment Was Improperly Deregulated
Landlord sued to evict unregulated tenant after tenant's lease expired. Tenant claimed that he was rent stabilized and had been overcharged. The court ruled for tenant. Rent Stabilization...
