My NYC landlord charges $75 if the rent is three days late. Is that OK?

… for your landlord to charge you any late fee unless your rent is more than five days late under state law Late fees are capped at $50 or 5 percent of your monthly rent whatever is less and can only be imposed after five days under the Housing Stability and Tenant Protection Act a landmark …

By Celia Young |February 19, 2025 - 3:30PM
The pros and cons of renting in a NYC condo or co-op building

… fact brokers have told Brick Underground that renting in a New York City condo or coop is often a way to get a nicer … care of the building and its residents like their second home  … Pro You may be able to buy your apartment I did … … landlords tend to be stricter such as conducting inspections throughout the tenancy and having building staff …

By Jennifer White Karp |February 5, 2025 - 12:30PM
Federal rental aid safe for now as White House reverses course

… New York City tenants who rely on federal rental assistance programs will hold onto their benefitsfor … federal agencies to temporarily pause spending confounded rental assistance providers nationwide on Wednesday and some … the programs in danger of being paused was the Section 8 Housing Choice Voucher programwhich subsidizes rents for …

By Celia Young |January 29, 2025 - 3:45PM
Is your landlord one of the worst in NYC? Here’s who you should avoid

… ranking of property owners who have a high number of housing violations including heating issues rodents and … respond to a request for comment The takeaway for renters Steer clear of these apartments if you can advised …   You can also research your building by using HPDs renterfacing website to look for building violations or by …

By Celia Young |January 24, 2025 - 11:00AM
NYC mayoral hopefuls want a rent freeze, but tenants may have to wait until 2026

… Board from 1987 to 1994 Whoever wins the mayoral race will be sworn in on Jan 1st 2026 and could appoint new RGB … relief to tenants struggling to keep up with the cost of living said Cea Weaver coalition director for Housing … at a moment when inflation is completely out of control One Brooklyn tenant who rents a rentstabilized twobedroom …

By Celia Young |December 10, 2024 - 5:00PM