landlords
Starting August 1st Rochester landlords will have several changes surround harsher penalties for violations which go unanswered. Overall, there are three new ordinances which will have a range of changes rolling out over the next several months. The goal of these bills, as described in the legislation packet, is to address the more egregious problems […]
People who make mortgage payments are reported by lenders to credit bureaus, landlords typically don’t report rental payments, and that can hamper renters’ ability to build a credit history. Fannie Mae plans to subsidize the cost for landlords of multifamily properties it finances to help renters build their credit starting Tuesday , the mortgage giant […]
As reported earlier this month, Attorney General Letitia James informed landlords that if they accepted assistance from New York, they could not raise the rent for one year. Well, now AG James is facing another issue with landlords where yesterday she announced new guidance for law enforcement, addressing a tenant’s right to organize meetings on […]
Moving season is upon us, and New York State Attorney General Letitia James would like to remind landlords that they cannot raise the rent until one year later if they accepted and/or plan to accept funding from the state’s Emergency Rental Assistance Program (ERAP). AG James stated: “The rules are clear: Landlords who accept ERAP […]
Tuesday Rochester City Council voted down on the “Good Cause Eviction” bill that would’ve protected tenants from getting kicked out. Tuesday vote with Council members was 6-3. We’ll see what happens between tenants and landlords. Click Here To Read More. Source: WHEC-TV
Rochester City Council held a public hearing to discuss the “Good Cause Eviction” bill, though city lawyers have found this legislation may be unlawful. According to an analysis from City of Rochester lawyers, the proposed Eviction Reduction Law would be “invalid because it is preempted by State law and because it deprives individual property owners […]
Gov. Kathy Hochul announced landlords can now apply for rent relief. $125 million in state funding will go to landlords who could not participate in the state’s Emergency Rental Assistance Program. To be eligible, landlords must own a unit leased for at or below 150% of fair market rent for their location and must have […]
According to Governor Kathy Hochul’s office, New York landlords can apply for $125 million in state funding to cover unpaid rent connected to tenants who were ineligible for the federally funded rent relief program. Landlords are eligible to apply now, and the funding could cover up to 12 months of past-due rent and will be […]
A bill was passed to extend New York’s State moratorium on evictions. The extension will last until January 15th. Critics say the $2.7 billion in federal fund program was not fast enough to distribute help with rent payments. Democrats are also hoping Governor Hochul will provide some change too, with a faster more responsive distribution of funds […]
Since Coronavirus pandemic hit the United States a lot of people lost their jobs and other people are losing their livelihood especially landlords with rent moratorium across the state. One frustrated landlord from Albany decided to take matters into his own hands, Shawn Douglas is accused of kidnapping two tenants and leaving them at a […]