NY state legislators propose bills to protect land-lease co-ops from land rent hikes

… on Billionaires Rowwould protect a handful of New York City landlease coop buildings from rent hikes on the land beneath their buildings The two bills would cover the 100 or so NYC coops that sit on top of land they dont own but instead rent from landowners through …

By Celia Young |May 15, 2024 - 12:30PM
Is paying less upfront for a co-op in a landlease building worth the risk?

… by someone else coop shareholders pay a portion of the land rent to the owner which is usually incorporated into their … risksthat the coop is vulnerable to a spike in the cost of renting the land that their asset occupies says Gordon … Send your questions to  expertsbrickundergroundcom For more Ask an Expert questions and answers click  here … You Might …

By Alanna Schubach |June 13, 2022 - 2:00PM
Renters ask: What happened to landlords' promises to 'work things out'?

… When New York initially went into shutdown mode and renters expressed fears about paying rent many leasing agents and landlords promised … the New York City housing market Sutton was shocked Seems my landlord thinks that the responsibility for the citys …

By Emily Myers |May 1, 2020 - 4:00PM