Water Rate Jumps to 4.42%.

Residents of co-ops and condos in New York City continue to take hits. Gas and electricity costs have recently increased by 8.4% and 9.1%, while their property taxes have recently increased by an average of 8%.

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New Bills are Adopted by City Council Increasing Lead Paint Regulations

In order to remove legal loopholes surrounding lead paint enforcement and get the city closer to its objective of ending childhood lead poisoning, the New York City Council has enacted two pieces of legislation. However, supporters are hoping that lawmakers will adopt further reforms in the upcoming week. Peeling or chipped lead-based paint will be…

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Which HOA Rules Can Be Implemented and Which Can Not?

HOA concerns are rather common. They are too expensive. It is not allowed for residents to pick their own paint colors. They impose limitations on the breeds of dogs you are allowed to own, the types of basketball goals you are allowed to mount on your home, and even the types of grass you are allowed to grow in your yard.

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Now Available: No-Penalty Building Inspections for Smaller Co-ops and Condos

Smaller co-ops and condos that are exempt from the Facade Inspection and Safety Program’s (formerly known as Local Law 11) five-year compliance cycles must nonetheless be kept in a safe state. The city’s Department of Buildings (DOB) is once again providing its free No-Penalty Inspection Program to assist the co-op and condo boards in those buildings.

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The Most Costly HOA Fees

A joyful and useful living environment is produced for community members by well-managed HOAs. In HOA-governed areas, property prices are frequently greater. Fantastic benefits like access to tennis courts and snow removal are provided. But, running and maintaining an HOA costs millions of dollars. To cover both routine charges and unforeseen needs, finances must be…

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New Trash Regulations Will Be Implemented in New York City

As the city attempts to handle its escalating rat problem, residents of New York will have to put out their trash much later in the day beginning of April 1. As the city works to combat its expanding rat problem, New Yorkers will soon have to leave out their trash much later in the day.…

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Reasons You MIGHT Not Need a Property Manager

Wondering whether getting a professional property management company to help you is the right answer? Read the list of reasons below to see if you are someone who can handle managing a property alone. 1. You’d rather deal with property management issues than spend time with family 2. You find property management more enjoyable than…

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