The new rent laws that went into affect in June 2019 have been overhauled to protect tenants. Landlords and management companies are scrambling to be law abiding and stay profitable. As with any new system, there’s a learning curve. Landlord feedback is that the laws skew too highly in favor of tenants. How pushback will alter these policies remains to be seen. Whether you’re a rent stabilized or market rate tenant, read on to see what these changes are and…
Author: Jessica Feder-Birnbaum
Annual Meetings – A Breakdown in Real Time
If you are a New York City coop or condo owner you may have received a notice to attend your building’s annual shareholder (for coops) or unit owner (for condominiums) annual meeting. These meetings tend to proliferate in May and June. Building bylaws follow guidelines that were developed under the Business Corporation Law (BCL) for coops, and The New York Condo Act for condominiums. One of these rules is that a building or community’s bylaws will dictate specifically what month…