What is a 'major capital improvement' and how does it affect the rent?

… While you want our apartment to be kept in good condition tenants of rent controlled or rent stabilized units in New York City … for upgrades that justify a landlord permanently hiking the monthly rent even in the middle of a lease The city defines …

By Celia Young |September 11, 2024 - 10:30AM
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… life activities and can be demonstrated by clinical and laboratory diagnostic techniques … Changes to how the …

By Celia Young |January 9, 2024 - 11:00AM
What are land-lease buildings? Are they common in NYC?

… York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … lease anyone thinking of buying into a landlease building should consider the potential risks outlined below  … Coop … a handful of landlease condos Thats because of the different ownership structures In a coop you only own a …

By Evelyn Battaglia |December 4, 2023 - 12:30PM