Many New York co-op and condo buildings rely on income from ground-floor commercial tenants. A pharmacy, café or small grocery store can help support the budget and make life easier for residents. When a lease is nearing its end, boards must decide whether to renew...
Harassment is not only unfair but also illegal and the penalties can be severe. In New York, there are strong tenant protection laws, which landlords must follow. If you pressure tenants to leave their homes, you risk fines and lawsuits. These can seriously harm your...
Living in New York City means dealing with a fast pace, the proverbial New York minute. When your health is threatened or your quality of life is diminished because your apartment needs repairs and your landlord isn't responding, that proverbial minute can seem like a...
When you buy commercial property in New York City, you also take on the existing tenants. This can be a big problem especially if those tenants do not pay their rent on time or damage the property. These issues can be costly. The failure to manage these tasks timely...
New York has many rules that regulate tenant's security deposits. First and foremost, the state limits how much residential landlords can require. Typically, a security deposit should not exceed one month's rent. Landlords can request both the last month of rent and a...
As of January 1, 2025, several significant real estate laws have been enacted in New York, aiming to address housing affordability and availability, streamline development processes and change the economic dynamic of the rental market. These changes reflect the...
The New York City Council recently passed significant legislation known as Intro 360, or the Fairness in Apartment Rentals Expenses Act. This bill, passed in a veto-proof 42-8 vote, introduces a notable change in the real estate market by shifting the responsibility...
The city's residential real estate marketplace has been volatile in recent years for various reasons. Of course, 2023's teetering economy and rising interest rates on loans meant that loans were prohibitively expensive. It meant that buyers paid a premium if they...
One of most common problems any landlord will face involves nonpayment of rent by their tenants. There is substantial overhead and risk involved in leasing commercial property in New York City. When a lessee is not paying rent, you could have serious problems on your...
In an earlier article, “Can a Child Occupy a Co-op Apartment if the Parent Shareholder is Not in Residence?,” we discussed TWW’s win in Queens County Housing Court in Northridge Cooperative Section III, Inc. v. Bonilla. The question presented there was whether it is a...
