Rent Increases
April 23, 2023
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 23, 2023
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 uses income and expense information gathered each year from this filing to value your property accurately for the upcoming tax...
Q & A
April 23, 2023
Q How do you set the rent on a rent-stabilized apartment after it has been used by the landlord as an office for approximately 20 years?
In the News
April 23, 2023
Mayor Adams recently announced an initiative that will invest $10 million to repair stabilized units that are empty, and turn them over to tenants with rental assistance vouchers. The pilot program is called “Unlocking Doors,” and the city will provide up to $25,000 for needed repairs...
Feature
March 24, 2023
The city commits funds to fight source-of-income discrimination.
New Laws & Regs
March 24, 2023
The maximum penalty for burning No. 4 oil after the phase-out dates has been increased to $10,000.
New Laws & Regs
March 24, 2023
The legislation responds to the risks related to e-bikes and lithium-ion batteries.
Although e-bikes and e-scooters are an affordable and convenient alternative to cars, the fires caused by the batteries that power such micromobility devices are a significant problem in New York City. The...
Management Basics
March 24, 2023
Failure to benchmark will result in a violation and a penalty of $500.
Local Law 84 (LL84) requires owners of large buildings to measure their energy and water consumption annually in a process called benchmarking. LL84 standardizes this process by requiring building owners to enter their...
Management Basics
March 24, 2023
PHFL allows higher rent collection for certain low-income housing projects.
On Dec. 15, 2022, Governor Hochul signed Section 610 of the Private Housing Finance Law (PHFL) to resolve a conflict for low-income housing owners between their rental subsidy program and rent stabilization laws. As...
Management Basics
March 24, 2023
In the December 2022 issue of the Insider, we highlighted the Mayor’s Office of Special Enforcement (OSE) proposed rules to implement Local Law 18, the short-term rental registration law (see OSE Proposes Rules to Implement Short-Term Rental Registration Law).
