The Rent Guidelines Board, which regulates rent stabilized apartments across New York City, is set to increase rents for residents in regulated units by 3.25%, or in some cases, up to 5%. This increase is set to be the largest yearly increase in rents for regulated apartments in years. In total, around two million New Yorkers will be affected by this increase in rents, potentially straining their finances.
Continue reading “Rent Stabilized Units in NYC Set to Raise Rents by 3.25%”
In a recently issued executive order, New York Governor Andrew Cuomo has extended the state’s moratorium on rent for an additional two months through August 20, 2020. The moratorium, which began in March, suspended all legal action to evict tenants who fail to pay rent while the moratorium is in effect. While landlords have reacted poorly to the extension, tenant advocates are celebrating it as a reprieve from difficult economic circumstances caused by the coronavirus outbreak. Continue reading “NY Rent Moratorium Extended Through August”
Several groups that represent landlords in New York have sued to block new rent-control measures that were recently signed into law by Governor Andrew Cuomo. The new laws limit landlords’ ability to raise rent on rent-controlled apartments, even after their current tenants leave. This limits landlords’ ability to make money on those apartments, which they argue is an unconstitutional deprivation of their property rights. Continue reading “Landlord Groups File Lawsuit to Block New Rent Laws”
New York City rental prices seem to continue to rise without any foreseeable decline. As a result, reasonably priced housing has become a coveted treasure city-wide.
However, through the Senior Citizen Rent Increase Exemption Program (SCRIE) renters who are 62 or older with yearly incomes below $50,000 may be eligible for exemption from all or some increases in rents, carrying charges, capital assessment or voluntary capital contributions.
Recent changes to the Senior Citizen Rent Increase Exemption (SCRIE) has expanded eligibility by increasing the maximum annual income to $50,000 from $29,000.
Lawmakers speculate that in the next ten years, New York City will see a 30% increase in the senior adult population. They further point out that New York City is home to the highest number of foreign-born senior citizens in the nation. As a result, more low-income seniors are seeking an affordable place to retire. Continue reading “Senior Citizen Rent Increase Exemption Program”
Earlier this January, Gov. Andrew Cuomo announced that he has ended the reported harassment and intimidation of mainly Spanish-speaking immigrant tenants in nearly 1,800 apartments by reaching a settlement with Castellan Real Estate Partners/Liberty Place Property Management. The official agreement is between the New York State’s Tenant Protection Unit (TPU) and the real estate company which owns nearly 49 buildings in Harlem, Washington Heights, Brooklyn and the South Bronx — the sites of the alleged mistreatment.
The allegations against Castellan, that led the TPU to open its investigation earlier this year, included failure to provide renewal leases; false fees on individuals’ rent statements when tenants have payment receipts; and requesting tenants provide documents proving income or Social Security numbers to determine citizenship status, all of which are illegal to do to existing leaseholders. Continue reading “Gov. Cuomo Ensures Fair Immigrant Housing for Renters”
Elder Law
Elder Law encompasses a broad range of legal matters. It is important for everyone, regardless of age or health, to plan for the future.
Guardianships
The legal system recognizes that some adults, whether due to disease, dementia, mental deterioration, or disability, are unable...
Medicaid / Medicare Fraud
Medicaid is a joint state and Federal program that provides insurance to individuals based upon their income and resources, while Medicare...
Reverse-Mortgage Foreclosures
Reverse mortgages are becoming an increasingly popular way for aging homeowners to refinance...
Landlord-Tenant
Landlord Tenant law can be a complex and confusing subject. Disputes over leases and rent payments are often emotionally...
Business Law
From the initial startup of your business to any issues you may encounter along the way, you can rely on Hobson-Williams, P.C. for effective...
Collections
Hobson-Williams, P.C. has a full-service debt collections department, with experienced debt-collection attorneys who will...
Real Estate Transactions
Many people question why they need an attorney to purchase or sell a home.
Phone: 1-866-825-1LAW
Phone: 1-866-825-1529
