The continued pervasive effect of COVID-19, including moratoriums affected by COVID-19, have not affected a landlord's obligation to comply with the Housing Maintenance Code in New York City, … [Read more...] about The Heating Season in New York City
Building Owners
Force Majeure Clauses in New York
Some seldomly used lease/contract defenses are beginning to come up in the aftermath of the COVID-19 crisis. The closing of restaurants, bars, and many other businesses in New York City has been … [Read more...] about Force Majeure Clauses in New York
The End of “Next of Kin” Nonpayments
One of the more significant changes of the Housing Stability and Tenant Protection Act of 2019 that largely passed under the radar is an amendment to RPAPL 711(2). Prior to June 2015, in situations … [Read more...] about The End of “Next of Kin” Nonpayments
Overview: Changes to the Rent Deposit Law
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
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
NYC v. Airbnb: Restrictions Apply
Recently, NYC made it a little tougher for short-term (30 days or less) rental platforms to operate. On July 18, 2018, the New York City Council unanimously approved a new short-term rental … [Read more...] about NYC v. Airbnb: Restrictions Apply
Building Owners: The Dangers of Permitting Short-Term Rentals
Building owners in New York City need to be diligent in preventing their properties from being used for short-term leasing by tenants (e.g., the use of Airbnb). Even when leases don't … [Read more...] about Building Owners: The Dangers of Permitting Short-Term Rentals