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 … of Works  is a good place to start if you want to check the work has been registered and if you think youre … into account the fact that owners often have to take out loans to pay for the improvements in the first place … You …

By Celia Young |September 11, 2024 - 10:30AM
What's a reverse mortgage—and how common are they in NYC?

… says Its all about educating homeowners and their real estate agents and estate attorneys CrossCountry has closed … is the only reverse mortgage insured by the Federal Housing Administration and a proprietary reverse mortgage which is … assetsto cover the remaining balance You should consult a lawyer financial advisor or housing counselor before jumping …

By Celia Young |April 2, 2024 - 3:30PM
What are land-lease buildings? Are they common in NYC?

… says Due to the unusual nature of the underlying lease anyone thinking of buying into a landlease building should … you are actually getting a deed So technically a condo cannot sell units if it doesnt own the land though … in gathering all the pertinent information before you apply The longer the lease term the better  The landowner …

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