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Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...
People gather outside of City Hall for a rally in support of the FARE Act ahead of a City Council meeting, Wednesday, Nov. 13, 2024, in New York.
The Civil Court of the City of New York is a civil court of the New York State Unified Court System in New York City that decides lawsuits involving claims for damages up to $25,000 and includes a small claims part (small claims court) for cases involving amounts up to $10,000 as well as a housing part (housing court) for landlord-tenant matters, and also handles other civil matters referred ...
After the 2018 elections – in which Democrats took control of the New York State Senate for the first time in a decade and just the third time in 50 years [2] – momentum began on behalf of changes to landlord-tenant law. [3] [4] Eventually, a package of nine bills emerged which incorporated a large number of proposed changes. [5]
The newest New York State anti-eviction laws brought much needed relief to tenants shell-shocked by financial hardships wrought by COVID, but some mom-and-pop landlords worry those measures may ...