The Housing Stability and Protection Act of 2019 changed the real estate industry significantly, and building owners are still trying to wrap their heads around all the changes. One significant … [Read more...] about Overview: Changes to the Rent Deposit Law
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The Elimination of the Individual Apartment Improvement
Individual Apartment Improvements (IAIs) have not been eliminated by the Housing Stability and Tenant Protection Act of 2019. However, as a practical matter, building owners get very little value for … [Read more...] about The Elimination of the Individual Apartment Improvement
Security Deposits Under the Housing Stability and Tenant Protection Act of 2019
On June 14, 2019, the state of New York passed the Housing Stability and Tenant Protection Act of 2019. The Act substantially alters nearly every aspect of building management in New York, from the … [Read more...] about Security Deposits Under the Housing Stability and Tenant Protection Act of 2019
The End of the Preferential Rent As We Know It?
Changes in the composition of the New York State Senate in Albany may lead to some dramatic changes in the law that building owners should be aware of. One such change is proposed by Senate Bill … [Read more...] about The End of the Preferential Rent As We Know It?
NYC Building Owners Compliance During Winter Months
Even though it’s getting warmer outside, New York City’s heating season isn’t over yet. Throughout the cold winter months and into the start of summer, in New York City, it's important that building … [Read more...] about NYC Building Owners Compliance During Winter Months
Owner’s Right of Access
Most of the time, access between the landlord and the tenant is simple. The tenant notifies the landlord of a problem, and the landlord goes into the unit (or sends a representative), inspects, and … [Read more...] about Owner’s Right of Access
The Threat of a Recharge Where Rent Discount Provision Exists in a Lease
Some landlords have come up with a crafty way to make sure rent is paid on time by adding language to a lease that gives a tenant a discount if rent is paid by a certain date (for instance the fifth … [Read more...] about The Threat of a Recharge Where Rent Discount Provision Exists in a Lease
What Happens to Companion Animals in an Eviction?
One of the more obvious changes in our culture over the last few years is the increasing acceptance of companion animals. That cultural change has proven so pervasive that it has even trickled down to … [Read more...] about What Happens to Companion Animals in an Eviction?
What Is a “Good Guy Guarantee”?
Most commercial leases are between the landlord and the commercial entity, not an individual. However, that does not mean the landlord has no recourse against individuals or, likewise, does not mean … [Read more...] about What Is a “Good Guy Guarantee”?
Renewal Leases — From a Landlord’s Perspective
Most landlords are aware of the obligation to offer a rent-stabilized tenant a renewal lease, but some may be confused about how to proceed when a tenant does not — or refuses to — sign that renewal … [Read more...] about Renewal Leases — From a Landlord’s Perspective