Posts Tagged ‘nyc tenant’
New York’s Housing Crisis
Years have passed since public housing in New York City received adequate funding from the government to address the deteriorating structures, erratic heating systems, broken elevators, vermin, and other issues that have made it a symbol of neglect.
The nation’s oldest and largest public housing system is currently experiencing a problem that could get worse due to residents’ declining rent payments.
Read MoreHow High of a Credit Score Must You Have to Rent an Apartment
Requirements for a Credit Score There isn’t a one-size-fits-all solution when it comes to credit score criteria. However, when we asked 15 experts, most of them said that you need a credit score of at least 650 to get an apartment without any extra requirements, such as larger deposits, guarantors, or paying extra rent in…
Read MoreNYC Rent Stabilization Rules Surpass Landlord Challenges
A federal appeals court decided on Monday that the tenant-friendly adjustments made to New York City’s rent stability laws in 2019 were constitutional, rejecting two complaints from landlords. The New York City Rent Stabilization Law amendments were upheld by the US Court of Appeals for the Second Circuit on the grounds that they adhered to…
Read MoreAlteration Agreements For Co-Ops
Nobody enjoys it when a neighbor’s continuous remodeling project lasts for months on end, especially when the renovations may cause damage to your own home. The alteration agreement, fortunately, is a mechanism that most buildings have in place to address issues for Co-Ops. Beginning the ProcessWhen shareholders consider a large-scale renovation, they should be prepared…
Read MoreWhat to Charge for Rent in an Environment of High Inflation
When determining a reasonable market rental rate during a period of significant inflation, it’s critical to stick to the fundamentals. Look for comparable property prices in the area to establish a benchmark before deciding on the rent. Then, to vary from the base rent, take into account additional elements such as location, amenities provided, unit…
Read MoreAre You Setting Too Strict a Standard for Tenant Screening?
You must have objectives in mind as a landlord when looking for the ideal tenants for your rental property. How can you determine if your tenant screening standards are too stringent, though? Overly tight tenant criteria can make it difficult for you to fill openings or perhaps cause you to ignore qualified candidates. Your screening…
Read MoreWhy Communication Consistency Is Vital To Your HOA
Implementing and upholding HOA rules that support resident safety and lifestyle amenities is a key component of administering a homeowner’s association (HOA).It might be difficult to create strong HOA rules that satisfy community needs and are reasonable to uphold. Boards must develop a solid foundation with open communication at their core to ensure success; this…
Read MoreNoise Complaints in a Co-op
Your board may be within its powers to fine or take action against tenants for excessive noise, depending on the house rules in your building—and the proprietary lease if it’s a co-op. Residents frequently complain about loud late-night parties or unnecessarily loud music. Noise in an apartment building—and smells for that matter—can be very subjective…
Read MoreThe Appropriate Co-op Board Response to a Hoarder
When a co-op board learns that a hoarder is residing in the building, what should it do—and not do? Take these actions: Send a Notice: The first step in resolving the problem is to contact the shareholder and send a notice. This can point out that there have been complaints of odors and infestations. As…
Read MoreSave Money This Winter
Unable to find ways to save money recently? Read below to get some new ideas. 1. Clear The Way Today, the most typical apartment heating methods are radiators and duct-connected vents. Examine your apartment for heat registers. Are radiators obstructed by sofas, chairs, bed frames, tables, or other furniture, preventing warm air from circulating uniformly across…
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