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Building Owners

Overview: Changes to the Rent Deposit Law

Top view of keys with key chain near cubes with rent lettering on table

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

Modern apartment complex exterior - pictures: apartment exterior

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

NYC v. Airbnb: Restrictions Apply

NYC v. Airbnb: Restrictions Apply by Jordi Fernandez

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: The Dangers of Permitting Short-Term Rentals by Jordi Fernandez

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

Are the Legal Rents in Your Building Lawful?

Are the Legal Rents in Your Building Lawful? by Jordi Fernandez

Whether you’ve just gone through the due diligence process following the purchase of a building, or have been a building owner for years, I always suggest extensively reviewing a building’s legal rent … [Read more...] about Are the Legal Rents in Your Building Lawful?

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