It depends, in part, on whether you’re protected under New York’s nascent Good Cause Eviction law.Q: Our apartment is covered by the Good Cause Eviction law. Last year, shortly after the law took effect, the landlord’s agent tried to raise our rent 16 percent on a one-year lease. We told them about the allowable limit
A potential buyer confronts an unexpected monthly fee.Q: I was considering buying a co-op with a private backyard on the Upper East Side. The backyard was included in the offering plan. The seller and I agreed on the price, but then the board introduced a licensing agreement that imposed a monthly charge to use the
Asking pot smokers to better ventilate their apartments may not work in older buildings or ones with poor air circulation.Q: I am a shareholder in a northern Manhattan co-op. New neighbors have moved in and they smoke marijuana all day, starting early in the morning. The smell is very strong, permeates the hallways, and makes
Forcing out an uncooperative subtenant at the end of a lease can be a lengthy, expensive process.Q: I own a co-op in a Hell’s Kitchen building. We are allowed to sublet our apartments for two years. I am considering this, but I wonder how I can protect myself from a tenant claiming that the apartment
New York’s Real Property Law outlines ways that the percentage of common interest can be calculated for each unit.Q: I am interested in buying an 800-square-foot, one-bedroom condo in Manhattan. The asking price is $399,000, and it needs significant renovations. The homeowners’ association fee is $1,941 per month. Two other units in the building are
In New York, it is legal (though discouraged) for an agent to represent both the buyer and seller, or for members of the same team to represent both parties.Q: My husband and I are buying a condo in Brooklyn. We found out that our real estate agent and the seller’s agent work in the same
Whatever the benefits of living in a homeowners’ association, it means giving up some power when it comes to allocating funds.Q: Our homeowners association on Long Island has decided unilaterally to take out a seven-figure loan to revamp the recreational facilities. To repay it, the board is diverting our annual assessments away from their intended
Disputes between neighbors can be settled in court, but that can be expensive, time-consuming and bad for relationships.Q: I live in a neighborhood in Glendale, Calif., that has a homeowners association. The covenants, conditions and restrictions clearly state that a homeowner cannot add anything to the exterior of their home that would impede the privacy
Once your apartment is no longer rent stabilized, there are laws that can protect you from eviction and unreasonable increases.Q: We rent a market-rate unit in a building in Manhattan with 421-a benefits, which expire in July 2026. This has allowed us to enjoy the benefits of rent stabilization for a limited time. Our lease
Generally, guests cannot stay for longer than 30 days at a time, and landlords are often on the lookout for violations.Q: My spouse and I live in a rent-stabilized one-bedroom apartment in Manhattan. We’re both on the lease. Our good friends are moving away from the city, and their college-age son will be staying in
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