In the News
March 18, 2016
Mayor Bill de Blasio and Attorney General Eric T. Schneiderman recently announced the initial financing for nearly 600 new low-income apartments across the city, paid for by $10 million in settlements with property owners who violated the law. The new homes will serve formerly homeless New Yorkers...
Landlord v. Tenant
March 18, 2016
Landlord’s Negligence: Landlord Not Responsible for Scalding Shower Water
Tenant sued landlord and its heating service provider following injuries suffered when she was scalded by hot water when showering. Both landlord and the heating service provider asked the court to dismiss the case...
Feature
February 22, 2016
You may want to use an apartment in your building for your business—say, as a managing agent’s office or a super’s apartment, or even for an unrelated business. But suppose a rent-stabilized tenant lives there. Can you evict the tenant? The answer is “Yes,” if you can...
Rent Increases
February 22, 2016
The Division of Housing and Community Renewal (DHCR) recently updated its website with the necessary forms you have to fill out to start the process for increasing the rents of your rent-controlled apartments during the 2016-17 maximum base rent (MBR) cycle. Once you receive the orders of...
Management Basics
February 22, 2016
Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,700 as of May 1, 2016, may be petitioned for High Income Rent Deregulation this year. The Rent Act of 2015 amended the rent threshold for high-rent vacancy deregulation and high-income high-rent deregulation...
Management Basics
February 22, 2016
On Jan. 22, the DHCR issued new fuel cost adjustment factors for rent-controlled apartments for the 2015 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 22, 2016
To avoid fines for snow and ice on your sidewalk this winter, be sure to follow a smart snow removal policy. Section 16-123 of the city’s Administrative Code requires you to remove snow and ice from the sidewalk in front of your building. Fines range from $100 to $150 for the first violation...
Feature
January 22, 2016
When you get hit with a rent cut for a decrease in services, act quickly to get the rent restored to its former level. Otherwise, you stand to lose a lot of money. For each rent-stabilized tenant whose rent gets cut, you’ll lose at least the most recent guidelines increase. For each rent-...
Management Basics
January 22, 2016
The proliferation and popularity of short-term rental sites such as Airbnb have created vexing problems for owners. Due to these sites, it’s now quite simple, for example, for tenants to connect with travelers and attempt to sublet your apartments and make a hefty profit. Tenants can...
In the News
January 22, 2016
Gov. Cuomo recently announced the first results of an ongoing investigation that uncovered the illegal removal of central heating systems in over two dozen rent-regulated buildings in New York City, impacting 145 tenants. The owners of these buildings, who are required by law to pay for and provide...
