Demolition: One of the last ways to deregulate a building
Owners are desperately seeking ways out of rent regulation in an attempt to recapture the profitability their buildings previously had.
Tag : rent regulation
Bracing for impact: Pending bills aimed at residential real estate have owners on alert
There’s no question that 2019 was the year of the tenant, thanks to the sweeping rent reforms made through the implementation of the Housing Stability and Tenant Protection Act in Albany. However, there are still a number of bills floating around upstate as well as at City Hall that could...
All I want for Christmas is a rent regulated apartment
By Adelaide Polsinelli Prudent landlords should be making a list of who’s been naughty or nice this Christmas and turning the new rent laws to their advantage. New York City’s rent regulations protect tenants and give them an unprecedented upper hand in the market while penalizing property owners, the majority...
Kushner Companies faces $210,000 in fines for withholding rent-regulated info
Kushner Companies faces up to $210,000 in fines for filing false documents with the New York City Department of Buildings about rent-regulated tenants. On Monday, the DOB issued 42 violations to the landlord pertaining to 17 properties in Manhattan and Brooklyn. Kushner faces similar allegations in a civil lawsuit that...
RGB quashes calls for rent freeze as tenants protest
By Maria Rocha-Buschel The possibility of a rent freeze was quashed last Thursday at the Rent Guidelines Board’s preliminary vote, held at Cooper Union’s Great Hall. As is the case in most previous years, the proposal that ultimately passed was from the board’s chair, Kathleen Roberts, with ranges from 0.75...
Landlords win high-stakes court battle over city rent regulations
New York’s decades-long practice of deregulating apartments has been saved following a high court ruling in a long-running rent case. New York Court of Appeals last week upheld an appeal by landlord Equity Properties that will allow over 100,000 apartments to remain deregulated. “Altman v. 285 West Fourth LLC had...
NY high court to hear case that may return 100,000 homes to rent-regulated status
The Court of Appeals, New York State’s highest court, is set to hear arguments on a case that may result in the return of over 100,000 apartments to rent-regulated status. The case, Altman v. 285 W. Fourth LLC, may provide tenants a legal precedent for challenging market rate rents in...