New landlord: 10 tips if you're renting out a NYC apartment for the first time

… offset the expenses of owning a place in New York Citylike your mortgage and maintenance paymentsbut a lot goes into … for the first time you must know New Yorks rental laws prepare a comprehensive lease and ensure adequate insurance … rent increases and lease terminations    For example if you want to increase the rent by 5 percent or more at lease …

By Jennifer White Karp |September 30, 2025 - 3:30PM
FARE Act takes effect: What NYC renters need to know about the new broker fee law

… law that shifts responsibility for most broker fees from renters to landlords will go into effect tomorrow after a … Since the fee is usually 12 percent of the annual rent the Fairness in Apartment Rentals FARE Act removes a … Renters who hire an agent for example to show them multiple apartments in their budget will still be required to …

By Jennifer White Karp |June 10, 2025 - 3:00PM
New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

… Some New York City renters could gain a path to buying their apartments under legislation passed in the … month The budget lowers the number of renters or wouldbebuyers that would need to agree to convert some newer large … in exchange for those units Think the 421a program  or federal Low Income Housing Tax Credit program Under the law …

By Celia Young |May 22, 2025 - 10:30AM