Apartment Rentals in New York City – what you need to know.
Posts Tagged ‘rent stabilization ’
The issue is whether the Constitution allows the government to force someone to take strangers into their home and to subsidize them for the rest of their lives.
Oouch! What happened to the usual winter lull? The time when inventory swells and rents go down? Not this year! The mild weather makes searching for an apartment reasonable if not quite enjoyable.
if your apartment is rent stabilized, you absolutely must know your rent history. Why? Because your landlord would love to remove your apartment from the rent stabilization system, which happens to approximately 20,000 apartments per year.
The issue of rent stabilization has been a needle in the side of New York landlords for over 40 years. The arguments boil down to this…
The real estate agent/broker is disappointed that he won’t get to keep his commission. So he’s telling the renters that they will have to forfeit it to the ‘landlord’. Ha! The landlord isn’t going to keep that commission and he knows it.
As usual, neither tenants nor landlords are happy. And as usual, landlords say they are on the way to the poorhouse and tenants say that nobody but the very rich will be able to live in New York. And as usual, thousands of people will be competing to rent apartments in New York City this year, next year, and beyond.
The details have been bandied about in the local press for the past two weeks, so the renewal and modification of Rent Stabilization rules isn’t much of a surprise to anyone.
Owners need to know that in the event the rent laws expire, the tenants occupying those rent-stabilized units would REMAIN PROTECTED pursuant to the terms of their leases and the numerous tenant protections contained in various other laws.
What it comes down to is that few apartments outside of Manhattan get de-stabilized, and fewer and fewer apartments in Manhattan remain stabilized. Do Manhattan developers really need the 421a tax abatements to make money on their projects? If they are getting a public subsidy, shouldn\’t the developers be forced to give something back to the city as well?
Public Advocate Bill de Blasio has created a website for renters to track New York City\’s worst landlords. \”We want these landlords to feel like they\’re being watched,\” de Blasio said. \”We need to shine a light on these folks to shame them into action.\”
Manhattan renters have fewer apartments to choose from these days. In another sign the rental market is starting to tighten up there were 26% fewer vacant apartments on the market last month than during the same period last year.
Do rules made by the condo board apply to tenants like me? I would assume that new rules would be unenforceable if they required me to do or not do something addressed by my original lease.
Q What are the regulations when a New York City rent-stabilized apartment becomes vacant? What determines how much the rent can be raised, and how is it calculated?
Q. What are the implications of taking a roommate into my rent-stabilized apartment, considering that my rent is already over $2,000 a month?
If a parent is a guarantor on a NYC lease, What kind of documents should the parents provide and are there are forms to sign?
By: Jill Urban for NY 1. Last year, Tyler Fishback rented a new apartment in Midtown, and with all the concessions that existed a year ago, he got a great deal. But now when his lease came up for renewal, he got a dose of reality. “It is shocking to see numbers jump like that, especially for someone who is new…
Tenant leaders are pushing for the passage of a series of pro-tenant bills, including a full repeal of vacancy decontrol…
The city\’s Rent Guidelines Board voted Thursday night to raise rents by 2.25 percent on one-year leases and 4.5 percent on two-year leases.
One of the last places with lots of undeveloped land in Manhattan, the area west of Ninth Ave. from 33rd to 42nd Sts., will undergo more radical change than any other neighborhood in the city over the next five years.
Despite rent regulation, New York rent burdens remain unaffordable for most low-income households.
Mr. Paterson submitted to lawmakers a plan to amend and extend the state\’s rent laws, which are set to expire next June. In addition to extending regulations another eight years, the bills would make it more difficult for landlords to charge higher market-rate rents, lifting the destabilization rent threshold to $3,000 a month from $2,000.
The rent laws are due to expire in 2011, and the governor wants to make changes and extend them for eight years. The changes would reduce the rate for deregulating apartments, give tenants more protections
I know that a landlord can recover a stabilized apartment for his personal use, but can a landlord refuse to renew a stabilized lease because he intends to use the apartment “in connection with his business”?
What\’s wrong with this picture? Even in 1977, $65 a month was cheap. But $288 in 2010? That\’s insane. The plot get better.
The Democratic Assembly used to blame Republicans who made no secret about their distaste for rent regulation laws. But last year, for the first time in more than 40 years, Democrats took control of the state senate. Assembly members and housing advocates thought there would finally be some action on housing bills, which they believed would keep the city’s housing
If you want to get the scoop about a building from a prior occupant (and learn what it’ll really be like to live there), you might have to do some harmless snooping.
Now they have a new baby who cries all night and bothers everybody. I told them they have to move now because it\’s a little apartment and \”Junior\” cries too much, and he\’ll just get bigger and noisier. Do they have to move?
My landlord noticed the new locks and said I have to give him a copy of the new key. I\’d feel better if I\’m the only one with that key. I don\’t want him walking in, too. Do I have to give him a copy?
Did you know there are Rent Stabilized parking spaces in NYC? It\’s a hidden subsidy to own a car and drive in the city. Isn\’t this just what we don\’t need?
Rent stabilized leases can be deregulated only under specific conditions.
Thousands of Lower Manhattan apartments could become rent-stabilized based on a recent court decision. On Dec. 23, Housing Court Judge Bruce Scheckowitz ruled that a market-rate apartment in 37 Wall St. should be rent-stabilized because the building’s owner is receiving a 421-g tax break. In an echo of the Stuyvesant Town case from earlier last year, the owner of 37…