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On May 24, the City Council passed heating legislation and Mayor de Blasio recently signed it into law. The legislation sets the overnight temperature requirement at 62 degrees. This is an increase from 55 degrees, the prior standard temperature from 10 PM to 6 AM during the heating season from Oct. 1 to May 31.
Local Law 153 of 2016 recently went into effect. The law requires the owner of a dwelling to provide residential tenants with a notice regarding procedures that should be followed when a gas leak is suspected.
On June 6, New York Apartment Law Insider received the First Place Award for Best Business Newsletter, presented by the Specialized Information Publisher’s Association (SIPA) at its annual conference in Washington, D.C.
The judges based their decision on 2016 issues in which editor Eric Yoo explained:
New bills sponsored by Councilman Ritchie Torres, D-Bronx, are focused on helping transition the homeless out of shelters. One part of the legislative package is intended to build landlords' trust in city programs that help formerly homeless people pay rent.
The City Council’s Committee on Housing and Buildings recently heard more than a dozen bills that would enhance tenant protections and combat abuses by owners. Among those proposals was one that would create a new ombudsman within the Department of Buildings whose responsibility would be to prioritize the welfare of tenants when property owners and builders apply for construction permits.
A diverse coalition of civil justice leaders, homeowners, and landlords recently filed a lawsuit charging that the property tax system is racially biased. The coalition, Tax Equity Now NY (TENNY), filed suit in Manhattan Supreme Court backed up by data collected by former city finance commissioner Martha Stark mapping out a disparity that hurts certain homeowners and renters.
According to income and expense data recently released by the Rent Guidelines Board, owners’ net operating income rose 10.8 percent in 2015 and operating costs rose 1.1 percent from 2014 to 2015. This is the 11th consecutive year that net operating income has increased, and it represents the highest recorded increase since 1997 to 1998.
New York State Supreme Court Judge Debra James recently upheld the Rent Guidelines Board’s 2016 decision to freeze rents for all stabilized rental units in the City of New York. It was the second year in a row that the RGB chose to freeze rents for stabilized units.
Mayor Bill de Blasio recently announced two new appointments to the Rent Guidelines Board: David Reiss, a Brooklyn Law School professor specializing in property law, and Hilary Botein, a professor at Baruch College's Marxe School of Public and International Affairs. The board is responsible for establishing rent adjustments for approximately one million dwelling units subject to rent stabilization in New York City. Reiss and Botein will serve as public members of th...
In Matter of Prometheus Realty Corp. v. New York City Water Board, the New York State Supreme Court Appellate Division, First Department, agreed that water rates for 2016-17 should continue to be frozen for all, rather than increased for multifamily customers so that single-family homeowners could get a credit. It upheld the lower court's ruling invalidating the city's attempt to approve a 2.1 percent increase to the water rates for fiscal year 2017 and...
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