Rent law, Covid leave family landlord with one choice: sell
When the 2019 rent law passed, the real estate industry warned of a housing apocalypse — small owners, unable...
Rent Laws
The Latest
Rent law challenge dismissed; battle may go to higher court
A judge ruled that the government has the power to make laws that hurt real estate values as he...
Property tax strikers: “We can’t breathe”
The backers of a petition pledging to withhold property taxes say they plan to file a class-action lawsuit against...
Here’s what TRD’s Instagram followers are saying about the broker fee ban
The sudden reversal of New York’s tenant-pays-broker-fee system last week prompted fierce reaction from agents. In the hours and...
Rental commissions are back — for now
Rental commissions are back! A New York judge granted a temporary restraining order Monday afternoon, halting a Department of State guidance barring tenant-paid rental commissions from going into effect. The guidance, circulated Feb. 4,...
Stop the “havoc and confusion:” Industry petitions to overturn ban on broker fees
Early Monday morning, attorneys for the real estate industry boarded a train to Albany to file a fiery petition...
“I feel really bad for those agents”: How landlords and property managers are responding to broker fee rule
Within 36 hours of finding out about state regulators’ interpretation of the rent law, Lisa Management made the decision: It would no longer hire...
Community banks put on brave face after rent-reg market woes
For years, New York’s community banks have been go-to lenders for rent-regulated housing. Now they’re straining to convince investors...
Real estate industry to sue NYS over rental commission ban
Faced with the prospect of losing millions of dollars in commissions, the real estate industry plans to sue state...
Ignore or adhere: Brokerages divided in response to rental fee ban
UPDATED, Feb. 7, 2020, 3:15 p.m.: Sarah Saltzberg got an email alerting her to state regulators’ new interpretation of...