NEW YORK STATE EVICTION UPDATE No less than two days after the eviction moratorium had expired, the governor of New York signed into law Chapter 417 of the Laws of 2021 (the “Act”), an amended version of the moratorium, protecting tenants from eviction at least until January 15, 2021. The Act was publicized as “new…
HOW THE RECENT SUPREME COURT RULING AFFECTS NEW YORK’S EVICTION MORATORIUM On August 12, 2021 the United States Supreme Court issued a decision in the case of Pantelis Chrysafis, et al. v. Lawrence K. Marks which stopped the enforcement of a portion of New York’s Covid-19 Emergency Eviction and Foreclosure Procedure Act (the “Act”). The…
ATTENTION LANDLORDS AND TENANTS EMERGENCY EVICTION EXTENDED Despite successful re-opening of the economy , and leaving the majority of COVID-19 restrictions in the past, New York continues to take proactive steps in protecting those financially effected by COVID-19. On May 4, 2021 Governor Cuomo signed a bill extending both the Emergency Eviction and Foreclosure Prevention…
TIPS FOR LANDLORDS AND PROPERTY MANAGERS COPING WITH THE COVID-19 OUTBREAK IN NEW YORK With the unprecedented impacts of the COVID-19 pandemic, many landlords and property managers in New York are considering their options under existing leases to determine the best path forward. Whether you’re a residential or commercial landlord or property manager for a…
ATTENTION PROPERTY OWNERS OF RESIDENTIAL, MULTIFAMILY, AND INVESTMENT PROPERTIES Recent changes in landlord tenant-laws in New York have been impactful for property owners of residential, multifamily, and investment properties. Of particular significance has been the Housing Stability and Tenant Protection Act of 2019 (“HSTPA”), signed into law on June 14, 2019. HSTPA has impacted almost…
UNDERSTANDING THE IMPACT OF THE HOUSING STABAILITY AND PROTECTION ACT OF 2019 On June 14, 2019, the New York Housing Stability and Tenant Protection Act of 2019 (HSTPA) became law. This law signifies a seismic shift in the balance of power between landlords and tenants, whereby the legislature has amended many parts of the state’s…
Being a landlord can be stressful. Building maintenance, late rent payments, disruptive tenants – the list goes on. Your position as a landlord comes with certain legal obligations. But your obligations to your tenants are not without limits. When a tenant stops paying rent or fails to vacate the premises at the end of the…
