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These 26 reforms are projected to save NYC small businesses roughly $1.5 million.
In January 2022, Mayor Adams signed Executive Order 2, “Small Business Forward,” to reform existing business regulations and ensure local businesses face fewer needless fines and penalties. The order required several city agencies to review their business regulations to determine which regulations could have reduced fines, extended cure periods, or be repealed to assist small businesses in their recovery from the ongoing COVID-19 pandemic.
E-bikes, e-scooters, e-mopeds, and other small electric mobility devices have experienced a surge in popularity. These devices use a small electric motor to increase the range and reduce the effort it takes to reach a destination. For example, e-bikes look and behave like traditional bicycles with the addition of an electric motor and battery for extra power when pedaling. This extra boost allows the rider to traverse hills and travel further distances with greater ease than with a traditional bicycle.
Pending bill seeks to eliminate $5 surcharge for tenant-installed A/C units.
The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air-conditioner rent surcharge for owners who pay for electricity. In rent-controlled or rent-stabilized buildings where the rent includes the use of electricity, an owner may charge a surcharge for the use of electricity for each air conditioner that has been installed. The charge is to be reviewed on a yearly basis regardless of the length of the lease.
On Aug. 31, the DHCR issued a notice of public hearing on proposed amendments to the Rent Stabilization Code. These proposed amendments have been in the works for two and a half years and would be the first update since 2014 to the Rent Stabilization Code, which governs roughly 1 million rent-stabilized apartments in New York City.
The rules apply to all tenants, not just rent-regulated ones.
A security deposit is money a tenant deposits with the building owner that protects the owner if the tenant stops paying rent, skips out early on the lease, or damages the apartment. In New York, security deposits are governed by New York General Obligations Law §§7-103 to 7-108 and, most recently, the Housing Stability and Tenant Protection Act of 2019 (HSTPA).
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