Feature Articles

How to Get DHCR to Waive Useful Life Requirements for MCIs

February 17, 2017    

If you’re planning to do work at your building and expect to get a major capital improvement (MCI) rent increase for it, you probably know that the work must meet the Division of Housing and Community Renewal’s (DHCR) useful life requirements. Those requirements are set out in...

Online Application Available for MCI Tax Abatement Program

February 17, 2017    

The DOF recently released revised guidance on the implementation of the MCI tax abatement provided for in Section 65 of Chapter 20 of the laws of 2015. The Rent Law of 2015 included changes to the amortization period for the calculation of major capital improvement (MCI) rent increases. The...

Send Tenant 2017 DHCR Form If Rent Is $2,700 or More

February 17, 2017    

Rent-regulated apartments with a legal or maximum monthly rent that reaches or exceeds $2,700 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...

File 2017 Fuel Cost Adjustment Forms Online by April 3

February 17, 2017    

On Jan. 23, the DHCR issued new fuel cost adjustment factors for rent-controlled apartments for the 2016 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...

Avoid Overtime Pay Deals that May Result in Wage Complaints

January 24, 2017    

At some point, you may want building staff to work overtime or to handle an extra job. But whether you’re asking a doorman to work extra hours to fill in for vacationing employees or offering a handyman a lump sum to paint an apartment on a Saturday, you need to make sure you pay that...

How to Apply Employee's Rent-Free Apartment Value to State Minimum Wage Requirements

January 24, 2017    

As part of a superintendent’s compensation package, an owner may provide a rent-free apartment to live in. According to state law, the owner can apply this apartment allowance toward the superintendent’s minimum wage requirement to an extent.

New Law Requires Owners to Clear Snow and Ice from Fire Hydrants

January 24, 2017    

In early December, Mayor DeBlasio signed Local Law 149 clarifying that owners have to clear snow from the area around fire hydrants at the same time they have to clear sidewalks. Specifically, the law would allow the Department of Sanitation to issue violations to owners for failing to remove...

How to Avoid Fines When Tenants Don't Respond to Window Guard Notice

December 16, 2016    

If you plan to send the annual Department of Health & Mental Hygiene (DOHMH)-required window guard notices to your tenants by Jan. 16, 2017, you may believe you’ve fully complied with your window guard obligations. That’s just the first step, however. If a tenant hasn’t...

New York City DOF Finalizes 2016-17 Real Estate Tax Rates

December 16, 2016    

The city’s Department of Finance (DOF) recently finalized the real estate tax rates for tax year 2016-17, which began July 1, 2016, and will end June 30, 2017. The rate for Class 2 residential properties (properties with more than three units) is up slightly, while the rate for Class 4...

NYC Retrofit Accelerator Program Offers Help to Owners with Aging Steam Systems

December 16, 2016    

The NYC Retrofit Accelerator is a free program that was introduced last year as part of Mayor Bill de Blasio’s goal to create more energy-efficient buildings and reduce greenhouse gas levels. The city is launching a Better Steam campaign to encourage owners to use city resources to upgrade...

Avoid Seven Mistakes That Could Delay Your DHCR Appeal

November 21, 2016    

One day you may get an order from the District Rent Administrator (DRA) denying you a rent increase you think you’re entitled to, or unfairly finding that you’ve overcharged a tenant for decreased services. As a result, you may find yourself filing a petition for administrative...

New Green Buildings Legislation Expands Local Laws to Include Mid-Sized Buildings

November 21, 2016    

Mayor Bill de Blasio recently signed a package of three green buildings bills into law. “Buildings account for more than two-thirds of the city’s greenhouse gas emissions, which we have pledged to reduce 80 percent by 2050,” said Daniel Zarrilli, Senior Director of Climate...