Security Deposits and Tenant Rights in New York
When searching for a rental in New York, you will likely need to pay a security deposit. A security deposit is an upfront payment to the landlord to provide security against potential damages during the lease term. While security deposits are standard practice, tenants and landlords must understand the regulations surrounding them to protect their
We are Featured on BrickUnderground
We’re absolutely thrilled to share some exciting news with you! The Law Offices of Justin C. Brasch recently had the honor of being featured on BrickUnderground, your go-to source for all things real estate in the heart of New York City. In the article titled “Ask an Expert: Do I Have to Pay Rent If
Understanding Lease Terms and Conditions in New York
Are you considering renting a property in New York? Before you sign, it’s essential to thoroughly understand the terms and conditions. Leases are legally binding contracts that outline the rights and responsibilities of tenants and landlords. Failing to comprehend these terms can lead to misunderstandings, penalties, and legal disputes. In this blog post, we’ll explore
Understanding New York Residential Leases: A Guide for Landlords and Tenants
With its diverse neighborhoods and population, New York has its own regulations for residential leases. These laws are complicated and our guide below illuminates some of the essential elements landlords and tenants must understand to ensure compliance and protect their rights. Understanding these laws and regulations will help you establish a solid foundation for your
3 tips to consider before negotiating a Buyout of your Rent Controlled or Rent Stabilized Apartment
Maybe you’ve heard whisperings that your landlord is considering buying out tenants in your building or maybe you have already been approached with a buyout offer. If a buyout is something you’re interested in, you undoubtedly want to get the best price possible. After all, you are giving up your home and undertaking the hassle
NYC adopts 3 new protections aimed at protecting Tenants from Landlord Buyout offers
For decades, landlords in NYC have been offering tenants buyout offers to hope they will willingly vacate their rental units. These offers are typically aimed at tenants who reside in rent-controlled or rent-stabilized units where there is a market for the landlord to charge much higher rents. The only problem is, they need the current
Landlord Buyouts: What to do when the Tenant says “no”
In New York City’s hot real estate market, some landlords dream of a new building, higher rental rates to boost profits, or simply to better cover building expenses. Buyouts are sometimes the only practical way to make these changes happen, but what happens when you make an offer and the tenant says No? Contact Brasch
Who are the primary targets for Tenant Buyouts?
If you live in New York City, you’ve heard of, or perhaps even been part of, a tenant buyout. A tenant buyout situation exists when a landlord offers a tenant a cash payment to move out of their rent-stabilized or rent-controlled apartment. The motivations behind these offers usually have to do with the landlord trying
Buyouts as a method of Tenant harassment
If you are a tenant who is the subject of repeated buyout offers from your landlord, Mayor de Blasio’s signature on new legislation, making such actions illegal, should be a source of relief. In September 2015, the mayor signed legislation that provides three different measures of protection for tenants, in relation to buyout offers: It
Rent Regulation in New York – the New Provisions
2015 saw marked changes in New York’s rent regulation laws. Although many landlords hoped The Rent Act of 2015 would simply be an extension of the then-current laws, legislators took this opportunity to strengthen tenant protections. The Rent Act of 2015 extends current rent laws for four more years, through June 2019, and included a
