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
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
Are the Legal Rents in Your Building Lawful?
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?