Real estate such as apartment buildings or homes must be regularly maintained to remain habitable. If small plumbing, electrical, or heating and air problems are left unaddressed, then they have a way of becoming much larger issues. If you're a renter, then you may assume that any and all problems are the sole responsibility of your landlord. That's not always the case, though.
Rent stabilization is always a hot-button topic for landlords and tenants alike in New York. However, the new changes to the rent rule put in effect by Gov. Andrew Cuomo have ignited a new firestorm.
There's only a month to go before the rules that currently govern rent-stabilized apartments in New York expire -- and the issue is igniting a firestorm from both tenants and landlords.
If you have received an eviction letter from your landlord in New York, it is likely that you will be feeling worried about your future housing options. Losing your home so unexpectedly can be upsetting and will feel unfair. You may be wondering whether there is any legal action you can take to prevent eviction actions from taking place.
Subletting someone's apartment is a relatively common practice in New York City. Maybe you need a place to stay for the summer before you start classes at NYU and you find a friend of a friend who's off shooting a movie in Europe for the summer. It's a win-win, right? You get an apartment close to your job and he gets reimbursed for his rent while he's away. Some tenants also sublet their New York apartments even though they're currently living upstate because they don't want to lose them.
If you are a landlord and you are going through the process of renting out your property in New York, it is important that you take the appropriate steps to ensure that no disputes arise. Disputes between landlords and tenants can be stressful for everyone involved, and they can also lead to costly litigation. Furthermore, they can often be avoided through proper communication from the start.
If you have recently started a business in the state of New York, you will undoubtedly be looking for a suitable location to run your business from. Finding the appropriate office or retail premises can be fundamental for setting up your business for success. However, signing a lease and understanding the terms can be quite overwhelming, especially if you are doing it for the first time.
The city of New York is one of the most expensive places to live in the United States and in the world. Renting an apartment can be very difficult, but a lucky few manage to find a rent-stabilized apartment. Rent-stabilized apartments mean that the landlord is limited to how much they can raise the price of rent in each given year.
A prominent New York property owner will reimburse residents of a Brooklyn building who had sued the after rents were raised.
If you live in New York, you probably have heard the terms "rent-controlled" and "rent-stabilized" apartments. Each one has a purpose, but do you really know the difference? The difference is important and dictates the rate at which the landlord can rent the property.