Oregon just implemented statewide Rent Control. Here's a link to the article I just read for those interested.
The NYC Rent Guidelines Board has posted the Notice of Public Hearings and Opportunity to Comment on Proposed Rent Guidelines on our website. It features the proposed guidelines for rent stabilized apartments, lofts, and hotel units for leases renewing between 10/1/2019 and 9/30/2020. Visit this website to view the Public Notice.
The Public Notice includes proposed guidelines approved at the preliminary vote; details of the public hearings; and information on how to comment on the proposed guidelines.The RGB is now accepting written comments about the proposed guidelines. In addition, public testimony will be heard at four public hearings, … read more
Our Case of the Week looks at a Landlord who sued to evict rent-stabilized tenant for nonpayment of rent. The court ruled for landlord based on tenant’s default. Tenant later asked the court to vacate the default judgment. The court ruled for tenant and reopened the case, finding that tenant showed both excusable default and a potentially meritorious defense. Tenant, who was elderly and disabled, claimed that he didn’t understand the court petition and thought that another paper would come from the court. He didn’t realize that he was supposed to appear at the court clerk’s office to answer the petition. Tenant also showed that he had paid some of the … read more
Unregulated tenant complained in 2016 of rent overcharge and improper apartment deregulation. The DRA ruled against tenant, who appealed and lost. Prior landlord performed a gut renovation at the vacant building in 2006, changing the number of apartments from 7 to 15. The first rent charged for the apartment in 2007 was $2,700 per month. Tenant lived in the apartment as prior tenant's roommate at that time and during subsequent lease renewals. Tenant got her own lease in October 2011 at a monthly rent of $3,300. The DRA ruled that the apartment became deregulated before tenant received her lease. The apartment didn't exist before 2007. That … read more
If you're considering installing or upgrading your building's access systems, here's a story that could be of interest. Facial recognition technology is one of the newest, most modern, and arguably the most accurate technology out there. But tenant's aren't so eager to embrace it. Here's the full report in Crain's.
Continue reading "Recap: New York State Severe Weather Awareness Week"
Repairs before renovations is the motto of Tenant Liaisons, but it should be the mantra of owners and managers, too. On the one hand, taking proactive measures to address minor problems ensures that simple fixes don’t turn into major and costly problems that affect additional apartments. On the other, taking a more active role as a landlord helps to ensure that your tenants are satisfied and that they are eager to remain in the unit when the time comes to renew. For landlords, this means decreased vacancy rates, improved cash flow, and less of operating costs being diverted to tenant acquisitions.
Of course, this strategy is easier said than done. … read more
The no-pet clause is one of the stranger parts of New York’s housing law. There is nothing prohibiting a landlord from including a no-pet clause in their lease. However, tenants who need either service animals (seeing-eye dogs) or emotional support animals (anything that a therapist will sign off on) are exempted from said clause.
The former type of animal seems legitimate. Service animals are highly trained and help individuals with disabilities severe enough to make many elements of city living extremely difficult. The latter also seems legitimate in many scenarios. For example, a veteran with a severe case of post-traumatic stress disorder may benefit … read more
Throughout the world, springtime is recognized as the time of rebirth. Flowers bloom anew, trees sprout leaflets, and lawns turn from a sad shade of yellow to a lush and verdant green. Plants are not the only kingdom welcoming the spring. Animals do, as well. Unfortunately for landlords and tenants, this means pests, too.
One such pest is the bedbug. While one can be plagued by bedbugs any time of year, a team of researchers in Philadelphia found that they reproduce at greater numbers and tend to travel farther to find new apartments to colonize during warmer months.
A bedbug infestation is the last thing that anyone wants. On top of being difficult … read more
A frequent issue for landlords who purchase distressed buildings or even buildings that were owned by individuals who did not have a great record keeping system is the amount of liability that you take on after purchase. In most cases, you do assume a great deal of liability. It’s part of the risk of being an owner, which is why due diligence is so important. Existing violations do not simply vanish just because the conditions that gave rise to them first appeared on someone else’s watch. They become your responsibility when you become that building’s owner.
In many ways, a similar thing can be said of issues like rent … read more
Landlords incur a lot of risk. It is part of the cost of doing business. Landlords are responsible for keeping tenants safe, in buildings that are up to code, and that those who operate within the building are protected from injury. To protect yourself from these potential liabilities, you need to be insured. More importantly, you need to know that you have the right insurance and that you are working with the right insurance agency.
When you work with Mackoul Risk Solutions Insurance, you are working with licensed insurance broker who will treat you as part of a broader family, not merely a list of assets to be protected with a … read more
Unused space is a costly waste, especially in New York City. While the most profitable way to utilize space in your building is to rent it out to a tenant, it’s not always feasible to do so. If you have vacant space that is on a floor that is more than half beneath curb level, it cannot be rented. This is when it makes sense to use that space to provide an amenity to your tenants. Though a doggy day spa or a state-of-the-art exercise room might be nice, most tenants are not expecting anything so glamorous. They want something utilitarian, like a laundry room. This can be a boon for you, as well. On top of being an amenity that increase the … read more
Once again, our Case of the Week focuses on a dispute over a Major Capital Improvement. However, this time the owner also had to contend with requirements from the Landmark Preservation Commission These can be particularly strident, as the LPC is in the business of making sure that parts of the city remain aesthetically static. However, their goal of keeping the city like a museum does not overrule the safety of tenants.
A case in point concerns the subject at the heart of today’s dispute: Protectives on hallway windows.
The owner initially applied for a rent increase based on the installation of new, double insulated … read more
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