What is the certificate of occupancy and why is it such a big deal?

… When youre buying in New York City one of the documents you will need to obtain is the certificate of … can be in managements hands You dont want to inherit other peoples legal messes said Dean Roberts a real estate … cases this can be avoided he said There are also situations where a buildings C of O may be missing or problematic such …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
Understanding net effective rent: Here's how to calculate your real monthly rent

… When you search New York City rental listings you may see the term net effective rent or a … charge a brokers fee of 10 percent of a years rent on open listings instead of the usual 12 to 15 percent if you sign …

By Jennifer White Karp |March 26, 2025 - 4:00PM
What is a community land trust? How does it help low-income buyers?

… The key to understanding what a community land trust is right in the name said John Edward Dallas … of the property This protects the property from speculative buyers he explained The whole point is to ensure the … remains permanently affordable Dallas said A CLT sells or leases units built on the land while holding a 99year ground …

By Jennifer White Karp |February 25, 2025 - 2:00PM
What is a rent-impairing violation for a NYC apartment?

… For example if your landlord wont turn on the heat or refuses to fix your buildings heating system that would … first step for any problem with your apartment should be to contact your landlord But if that doesnt get you resolution … often but a large number of the tenants I encounter refuse to withhold rent because they dont want to end up in …

By Celia Young |January 3, 2025 - 1:30PM