faq: Renters' Frequently Asked Questions in Manhattan, NYC - 06/14/11 06:00 AM

 Renters’ Frequently Asked Questions
 
Is there a difference between rent control & rent stabilization?
Rent Control:
The rent control program generally applies to residential buildings constructed before February 1947 in municipalities that have not declared an end to the postwar rental housing emergency. A total of 51 municipalities have rent control, including New York City, Albany, Buffalo and various cities, towns, and villages in Albany, Erie, Nassau, Rensselaer, Schenectady and Westchester counties.
For an apartment to be under rent control, the tenant (or their lawful successor such as a family member, spouse, or adult lifetime partner) must have been … (5 comments)

faq: Manhattan Real Estate: FAQ About New Residential Developments - 01/10/11 05:04 AM
WHAT IS CONSIDERED NEW RESIDENTIAL DEVELOPMENT?In New York, this is a residential offering that is completely new to the market, and must be approved by state and local governments. It includes both ground-up construction and the conversion of an existing structure, such as an office building or rental property.WHAT IS A ‘SPONSOR'?The legal entity that owns the new development being offered-considered "the seller."WHAT IS AN ‘OFFERING PLAN'?A comprehensive disclosure document provided by the Sponsor and approved by the Office of the Attorney General of the State of New York ("Attorney General") that describes the property's offering.WHAT IS AN ‘OFFERING PLAN AMENDMENT'?A … (9 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn (Compass) Rainmaker large

Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn

Manhattan, NY

More about me…

Compass

Address: New York, NY, 10024

Office: 212-877-6268

Mobile: (917) 312-0924

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