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
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
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 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
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?