Feature Articles

Dos & Don'ts When Dealing with Tenant-Installed Air Conditioners

May 19, 2022    

As summer approaches, many of your tenants may start to install air conditioners in their windows. Or they may ask a super to do the installation for them. But air conditioners that tenants or building employees improperly install or remove may cause you big trouble. They may fall out of windows...

City Council Seeks to Strengthen Fire Safety Rules

May 19, 2022    

At a recent City Council hearing, councilmembers questioned fire and housing department leaders on the city’s safety inspections of residential buildings in the wake of a January fire at a high-rise in the Bronx that left 17 people dead. The Bronx apartment building fire, the city's...

DHCR Issues New Guidance on Electronic Leases, Lease Offers

April 22, 2022    

The DHCR has finally issued rules to permit rent-stabilized leases and lease renewals to be offered and accepted through electronic means. On March 25, the DHCR issued Operational Bulletin 2022-1, entitled “Electronic Lease Offering and Tenant’s Voluntary Consent.” The bulletin...

RGB Releases 2022 Operating Cost, Income and Expense, Mortgage Reports

April 22, 2022    

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...

File RPIE Statements, Storefront Registry Filings with DOF by June 1

April 22, 2022    

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 2023–...

Handling Requests for Emotional Support Animals: 3 Takeaways from a Recent Case

March 18, 2022    

A recent disability discrimination case involving an emotional support dog highlights the murky waters owners must navigate when making exceptions to pet policies as a reasonable accommodation for individuals with disabilities. Many leases contain “no-pet” clauses, barring pets...

Large Building Owners to Submit Benchmarking Data by May 1

March 18, 2022    

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 annual energy and water use in the U.S. Environmental Protection Agency...

How to Comply with FDNY's Amended Back-of-Door Notice Rule

February 18, 2022    

Among the numerous required postings and signage for apartment buildings in New York City, the fire safety notice that's posted on the backs of apartment entrance doors is one that has been shown to be very necessary due to recent tragic events. When faced with a fire in one’s building...

How to Collect 2022–23 MBR Increases for Rent-Controlled Units

February 18, 2022    

NYC Local Law 30 of 1970 stipulates that Maximum Base Rents be established for rent-controlled apartments according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value, and vacancy and collection loss...

DOF Publishes FY 2023 Tentative Assessment Roll

February 18, 2022    

On Jan. 18, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2023, which shows the total market value of all NYC properties for the upcoming year at about $1.398 trillion, an increase of 8.2 percent from the 2022 fiscal...

Tragic Bronx Fire Compels Review of Fire Safety Requirements

January 24, 2022    

We’ll run down the requirements for self-closing doors, smoke and CO detectors, fire escapes, stove knob covers—and all the related notices.

 

On Jan. 9, a fatal blaze began in a Bronx apartment unit, escaped an open door, and spread through the 19-story building...

DHCR Updates Reasonable Cost Schedule for MCIs

January 24, 2022    

On Jan. 4, the DHCR issued update number 1 to Operational Bulletin 2021-1. When the Housing Stability and Tenant Protection Act (HSTPA) was enacted, it directed the DHCR to create a schedule of reasonable costs associated with major capital improvements (MCIs). This is the first uppdate to the...