Monthly Archives: June 2011

2011-12 Guidelines Set

The NYC Rent Guidelines Board last night adopted a 3.75 percent increase for one year renewal leases on stabilized apartments and 7.25 percent increase for two year leases, effective October 1, 2011. The statutory vacancy allowance remains 20 percent  for … Continue reading

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The Governor’s Worst Failure

ABO released the following statement on the passage of rent law changes late last week: Extension of the rent laws for four years with significantly lower returns for building owners was one of the few major issues on which Gov. … Continue reading

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The ‘Big Ugly’ Bill

The Governor introduced The Rent Act of 2011 late this afternoon as part of omnibus legislation including a property tax cap and mandate relief. The Legislature approved it tonight. The bill extends both 421a and rent regulation through June 15, … Continue reading

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“Strengthened” Means Less Rational

“When the State Assembly says they want to strengthen rent regulations, they mean make the law even less rational,” according to Dan Margulies, Executive Director of Associated Builders and Owners of Greater New York, in a release issued today. “The … Continue reading

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Albany As Usual

I knew I would regret following the day by day maneuvering on extending rent regulations. According to Politics on the Hudson, the Republican Senators were going to vote for a weekend extension if Democrats agreed. One Democratic Senator said he … Continue reading

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Money on the roof

CUNY is offering a new online tool to help owners determine if installing solar panels on their buildings makes sense. After a sophisticated aerial mapping of the entire city, researchers created a map where you can highlight any building address … Continue reading

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E-Certify Violations

After a successful pilot program, HPD is letting all owners e-certify violations online. There is an ecertification link to the left of online violation histories at HPD’s website and you can register to participate here.

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RAM Class Scheduled

The next ABO sponsored Registered in Apartment Management class will begin Wednesday September 7th. Contact info@registeredmanager.com if you are interested in certification.

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Senate Dems hold out

Senate Dems refused a two day extension of rent regs last night, saying an extension without tougher rules wasn’t acceptable. Negotiations continue.

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2-day Rent Law Extension

Gov. Cuomo requested legislation Wednesday afternoon extending rent regulations from midnight until 3 p.m. Friday, June 17th and both houses were expected to pass it.

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