Feature Articles

RGB Kicks Off Annual Rent Increase Decision Process

April 23, 2021    

The Rent Guidelines Board (RGB) recently started its annual process for examining and considering lease renewal guidelines in the coming year. This is the one decision of the RGB that has the greatest impact on owners since the board’s decision with regard to rent renewal increases affects...

Distribute Notice of Disability Accommodation Rights to Tenants

April 23, 2021    

On March 25, 2021, Governor Cuomo signed Chapter 82 of the Laws of 2021, enacting a new provision codified as Executive Law §170d. This statute requires the New York State Division of Human Rights to issue regulations requiring housing providers “to provide notice to all tenants and...

File RPIE Statements, Storefront Registration with DOF by June 1

April 23, 2021    

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 2022–...

How to Avoid Lawful Source-of-Income Discrimination Charges

March 19, 2021    

A recent lawsuit filed by the Housing Rights Initiative (HRI) against 88 brokerage firms and landlords brought attention to source-of-income discrimination. This discrimination is the illegal practice by landlords, owners, and brokers of refusing to rent to current or prospective tenants seeking...

New Reasons DOB May Deny Your Permits: Excessive Violations, Monies Owed

March 19, 2021    

In March, two local laws affecting owners’ ability to pull permits from the DOB have gone into effect. While Local Law 104 of 2019 and Local Law 160 of 2017 have been on the books for some time, the DOB and HPD only recently have issued details for enforcement of these regulations.

How Will NY Implement the Emergency Rental Assistance Program?

February 19, 2021    

State lawmakers recently introduced a newly amended bill that’s intended to meet the federal requirements of the COVID-19 rent-relief measure enacted in December 2020. The federal rent relief package included $25 billion in emergency rental assistance. New York State is expected to receive...

Clear Outstanding Heat & Hot Water Violations to Avoid Rent Cuts

February 19, 2021    

As New York City deals with winter storms and temperature swings, heat and hot water complaints are likely to be the most common type of service complaint you’ll face. A tenant or group of tenants may file a complaint with HPD and may also seek a rent reduction through the Division of...

Local Law 1 Expands to Cover One- and Two-Unit Buildings

February 19, 2021    

Local Law 29 of 2020 became effective on Feb. 11, 2021. It expanded the application of New York City’s lead paint rules to include tenant-occupied, one- and two-unit buildings. Before Local Law 29 went into effect, most of Local Law 1, NYC’s lead poisoning prevention law, had applied...

New York State Extends Rent Relief, Broadens Eligibility

January 22, 2021    

The latest application window for COVID rent relief ends Feb. 1.

When the New York State Legislature passed the Emergency Rent Relief Act of 2020 last May, the DHCR was charged with administering the program by disbursing $100 million from the state’s CARES Act money to eligible...

DHCR Updates Reasonable Cost Schedule for MCIs

January 22, 2021    

On Jan. 12, the DHCR issued Operational Bulletin 2021-1, which replaces Operation Bulletin 2020-01. According to the DHCR, this bulletin is designed to be updated annually to reflect reasonable costs associated with major capital improvements (MCIs). The annual bulletin allows the DHCR to...

DOF Publishes FY 2022 Tentative Property Tax Assessment Roll

January 22, 2021    

On Jan. 15, the NYC Department of Finance (DOF) announced the publication of the tentative property tax assessment roll for Fiscal Year 2022 (FY22). The tax assessment roll set the tentative values for all New York City properties. The FY22 tentative assessment roll shows the total market value...

Compliance Reminder: Provide Annual Stove Knob Cover Notices

January 22, 2021    

Stove knob covers are an important fire prevention tool. The covers make stove knobs on gas-powered stoves inaccessible to children. Local Law 117, which became effective in December 2018, requires that an owner of multiple dwellings provide stove knob covers for gas-powered stoves where the...