Many Queens landlords require their tenants to place a security deposit on their apartment before allowing them to move in. Property owners often have their renters pay a security deposit in order to cover their costs if a tenant doesn't comply with their lease. If they don't, then a landlord may not have to return a tenant's security deposit. Let's look at some examples.
The change in New York state law last year that limited how much landlords could raise the rent in properties that are rent-regulated were welcomed by tenants throughout New York City and around the state. The new law has had some other impacts.
If you're the landlord of a newer apartment building, your tenants may use any one or more of "smart access systems" to lock and unlock their doors. Personalized key fobs, smartphone apps and biometric identifiers (like facial recognition technology and eye scans) are becoming more common.
One of the biggest annoyances of living in apartments and other multifamily dwellings in New York City (and anywhere) is the noise from neighbors and their visitors. Whether it's the people living above or below or those in the hallways and outdoor common areas, excessive noise can drive residents crazy.
Many of the landmark rent laws that took effect this summer in New York were aimed at adding protections for renters. They address things like evictions, notices of rent hikes, security deposits, rent caps and application fees.
Investing in rental property is an effective way of building a solid income or padding an existing nest egg. Everyone needs a place to live, after all. However, without proper preparation, novice landlords may begin to experience costly landlord-tenant disputes. Such disputes can quickly deplete your savings and also make you regret your decision to become a landlord in New York.
In a word, yes. Many people living with a disability experience great benefits from the presence of a service or assistance animal. However, some New York landlords do not permit pets inside their rental units.
It is your property. You own it, so you can go inside of a unit whenever you need to, right? Well, sure, it is your property, but your tenants have rights, and one of those is the right to privacy. As a responsible New York landlord, you need to enter your properties occasionally for repairs or maintenance. How can you accomplish this without starting a costly and time-consuming landlord-tenant dispute?
Renting out real estate is one of the most successful ways to improve your income. New York landlord-tenant laws are more complex than property laws in many other states. This means that being a landlord in the state is not without some amount of risk.
The Housing Stability and Tenant Protection Act of 2019 (TPA) was signed into law this past June, affecting more than one million apartments in New York City alone. Supporters say the law provides strong protections for tenants and significantly changes the Empire State's rent laws.