Developing and maintaining affordable housing in the New York City area is a long-standing problem. The metropolitan NYC area has only limited open, undeveloped land. When a real estate developer does find a location, they want to maximize their return on their...
Month: March 2016
What does rent stabilization mean for tenants?
The rent laws in New York City are complex. There is the Rent Stabilization Law (RSL) and Rent Stabilization Code (RSC). There are the rent-controlled buildings. There are rent-stabilized buildings. There are preferential rents and there are legal rents. Some of this...
Is the landlord attempting to force out tenants in Brooklyn?
It is not an unusual story in Brooklyn or anywhere in New York City. The tenants of a building have problems with the landlord or management. They claim that there is damage to the building, that there are unsafe conditions and that their complaints to the landlord...
Are Sublets Risky?
In most major cities, the housing market has tightened to a point where many individuals find themselves in challenging situations. Throughout Queens, people often choose to sublet a rent-controlled or rent-stabilized property rather than risk losing such a valuable...