Management Basics

A/C Rent Surcharge Is Reduced for 2024–25

October 23, 2024    

The lower surcharge reflects a drop in electricity costs.

 

 

Large Building Owners Must Post Updated Energy Grades by Oct. 31

September 20, 2024    

Or face a civil penalty of $1,250.

 

Compliance Requirements for the 2024–2025 Heat Season

September 20, 2024    

Owners must soon comply with the temperature requirements in NYC heat laws. The upcoming 2024–2025 heat season begins on Oct. 1 and continues through May 31, 2025. HPD responds to all heat and hot water complaints and, if adequate heat and hot water conditions aren’t corrected, HPD...

Local Law 11: Latest Developments in Sidewalk Sheds and Scaffolding

August 24, 2024    

The city is cracking down on long-standing sheds.

 

 

Many sidewalk sheds in New York City are tied to the DOB’s Façade Inspection and Safety Program (FISP), also known as Local Law 11 of 1998. Under this law, owners of buildings taller than six stories...

DHCR Updates Renewal Lease Form for Rent-Stabilized Apartments

July 25, 2024    

Renewal leases must keep the same terms and conditions as the expiring lease.

 

 

The DHCR recently updated NYC Renewal Lease Form (RTP-8) to incorporate the requirements of Rent Guidelines Board Order (RGBO) #56. The RGBO applies to renewal leases for rent-...

Avoid Steep New Penalties for Delinquent Rent Registration

July 25, 2024    

The DHCR issues a new Operational Bulletin covering filing deadlines and penalties.

 

 

Cooling Tower Operation Tips During Heat Waves

July 25, 2024    

The NYC Department of Health and Mental Hygiene (DOHMH) recently issued a checklist of cooling tower operating tips during heat waves. According to the notice, hot and humid weather that may cause disruptions from elevated condenser water temperatures, microbiological fouling, and rapid...

File 2024 Rent Registrations Online by July 31

June 24, 2024    

You can’t collect a rent increase—or even apply for one—until you file.

 

 

DHCR Updates Demolition Stipend Chart

April 23, 2024    

The relocation stipends for demolition orders have been increased.

 

 

One of the grounds upon which an owner may end a rent-regulated tenancy is where the owner intends to demolish the building. However, in such situations, an owner must first obtain DHCR...

File RPIE Statements, Storefront Registry Filings with DOF by June 3

April 23, 2024    

To retain your right to appeal to the Tax Commission, you must file your RPIE on time.

 

Large Building Owners to Submit Benchmarking Data by May 1

March 18, 2024    

Penalties for missing the deadline start at $500 and increase quarterly.

 

 

DHCR Updates NYC Lease Rider, ETPA Standard Lease Addenda

January 26, 2024    

Any lease offered on or after April 4, 2024, must have these updated documents attached.