Rent Increases
May 26, 2016
When you make improvements, such as installing a new refrigerator or replacing flooring, to your rent-regulated apartments, you’re allowed an “Individual Apartment Improvement Rent Increase.” This increase is in addition to vacancy increases allowed by law or the regular annual...
In the News
May 26, 2016
Recently, Steven Croman, a landlord whose companies had bought up more than 140 Manhattan apartment buildings, turned himself in to the authorities after he was charged with 20 felonies, including grand larceny, criminal tax fraud, falsifying business records, and a scheme to defraud, relating to...
In the News
May 26, 2016
The New York City Water Board recently unanimously approved a 2.1 percent increase in the city’s water and sewer rates. The increase, the lowest in 16 years, is the third consecutive rate rise since Mayor de Blasio took office in 2014. The new rate takes effect July 1.
Landlord v. Tenant
May 26, 2016
Discrimination: Court Revokes Damages Awarded to Disabled Tenant
Disabled tenant complained to the New York City Commission on Human Rights (CHR) that landlord failed to provide a reasonable accommodation, in violation of the city’s Human Rights Law. Tenant was permanently wheelchair-bound...
Feature
May 10, 2016
A sublet is a rental arrangement in which a tenant rents his or her apartment for a specific period of time to another person, called a subtenant. In a regular sublease agreement, the original tenant keeps the right to return and reoccupy the apartment when the sublease ends. And during the time in...
In the News
May 10, 2016
On May 3, the Rent Guidelines Board (RGB) voted on preliminary increases for next year for the city’s rent-stabilized apartments. The nine-member board voted 5-4 in favor of increases of 0 percent to 2 percent on one-year leases and 0.5 percent to 3.5 percent on two-year leases signed between...
Landlord v. Tenant
May 10, 2016
Court Dismisses Roommate’s Claim of Illusory Tenancy
Landlord sued to evict rent-stabilized tenant for nonprimary residence. Landlord claimed that tenant lived and worked in Switzerland, and that she had sublet the apartment to an occupant without landlord’s permission. The trial court...
Feature
April 22, 2016
If you’re thinking about evicting a rent-stabilized tenant for nonprimary residence, don’t derail your case before it even starts. Nonprimary residence claims are perhaps the most common type of holdover proceedings brought by New York City owners. Although every case has its own unique...
Rent Increases
April 22, 2016
The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public meetings and hearings to consider research from staff and testimony from owners, tenants, advocacy groups, and industry...
Management Basics
April 22, 2016
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.