We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
During the previous “heat season,” the Department of Housing Preservation and Development (HPD) fielded 215,138 heat complaints, an increase of 7.8 percent as compared to the previous heat season. The current heat season begins on Oct. 1 and continues through May 31, 2019. During this time period, residential building owners with tenants are required by law to provide heat and hot water to their tenants.
In 2017, Local Law 69 passed requiring all multifamily owners to attempt to obtain bedbug infestation history from tenants, including any remedial or eradication methods they used. By state law, owners were already required to notify prospective tenants about bedbug infestations within the last year due to the NYC Bedbug Disclosure Act. But Local Law 69 requires more frequent bedbug history updates—with each lease renewal, as opposed to each lease signing.
If you sign a vacancy lease with a tenant between Oct. 1, 2018, and Sept. 30, 2019, the new order issued on June 26 by the Rent Guidelines Board (RGB)—RGBO #50—lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).
On June 26, 2018, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #50—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2018, through Sept. 30, 2019. This order’s permitted increases are the highest since 2013.
According to the order, you may take a 1.5 percent increase on a one-year renewal lease and a 2.5 percent increase on a two-year renewal ...
You must file an Annual Apartment Registration application with the DHCR for every rent-stabilized apartment you own by July 31, 2018, using the DHCR’s online Owner Rent Regulation Application system. As in past years, the penalty for not filing is stiff: You can’t collect a rent increase—or even apply for one—until you file.
In January 2014, the DHCR adopted amendments to the Rent Stabilization Code (RSC). Among the amendments were more exceptions made to the “four-year rule”—the four-year statute of limitations or time limit to initiate an overcharge complaint. Generally, the statute of limitations when examining an apartment’s rent history to determine an overcharge is four years. However, as a result of the amendments, there are now exceptions for certain situatio...
Local Law 84 (LL84) requires owners of large buildings to annually measure their energy and water consumption 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’s (EPA) online tool, ENERGY STAR Portfolio Manager, and use the tool to submit data to the city. Building owners are subject to a penalty if usage data isn’t submitted by ...
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 needs income and expense information each year to value your property accurately.
The DHCR recently issued a new lease rider, and similar addenda for those rental properties outside of New York City, that must be attached to all vacancy and renewal leases for rent-stabilized apartments. The new rider has multiple sections, but only the first two sections must be filled out by the owner. If the lease is a vacancy lease, both section one and two must be filled out; if it’s a renewal lease, only section two should be filled out.
As of March 5, 2018, new permit fees specified in Local Law 56 of 2016 are in effect. According to DOB’s recent service update, there are three categories of new permit fees:
RSS