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The tenant generally wants CAM charges defined narrowly in hopes that the landlord pays a majority of the operating costs. Examples of services often billed to tenants as CAM charges include portering, parking lot striping, parking lot lighting, and landscaping. [1] CAM charges can be broken into two subcategories—controllable and ...
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 ...
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...
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 ...
With the passing of the New York's Housing Stability and Tenant Protection Act of 2019, landlords are no longer able to legally increase rent upon vacancy in rent stabilized units; previously, landlords were legally allowed to raise rents up to 20% between tenants to recoup construction cost.
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 ...
In 1981, The New York Times cited that "city housing officials estimate that 300-some buildings" were in the program. [ 1 ] While a building is under 7A, since "rents are going toward repairs, landlords must make tax and mortgage payments from other income during this period."
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]