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In 2015, Governor Andrew Cuomo’s changes to the New York State School Tax Relief Program (STAR), affected many homeowners. There are two types of STAR Programs: Basic and Enhanced.
The Basic Program provides a $300 tax reduction and there is no age requirement. To qualify for Basic STAR the resident and/or their spouse cannot have a combined income of more than $500,000.
... Read MoreWhen drafting a lease agreement, many landlords include a “holdover rent” provision forcing tenants to pay additional rent if they remain in tenancy past the lease term. The provision could require a tenant to pay anywhere from two to three times their stated rent for each month they remain on the premises. New York...
Read MoreWith the official start of Winter arriving, New Yorkers know the inevitable northeast snowfall is right around the corner. When visiting retail locations in the inclement weather, shoppers should be aware of the property owner’s liability for snow removal in case of a slip and fall.
The responsibility of a property owner in New York City to remove snow and ice from their premises is...
Read MoreEarlier this year, New York City Councilman Carlos Menchaca introduced a bill that would allow cyclists to ride through certain red lights. Currently, cyclists and cars are treated the same way under the law. The bill would allow for cyclists to ride through red lights with Lead Pedestrian Intervals (LPIs), which extend the duration of a red light to give pedestrians additional time to cross...
Read MoreIf you are engaging in any property transaction within the five boroughs, the Automated City Register Information System (ACRIS) is one of the most beneficial tools to your real-estate conveyance. The system is intended to provide notice to property owners of any deeds, mortgages, or other related documents that have been recorded against a single property. Navigating the site does not require...
Read MoreDuring New York City Mayor Bill Deblasio's campaign, he vowed to bring pedestrian deaths to zero by 2024. According to Vision Zero data from city hall, in the month of September, there were nine pedestrian fatalities and 816 pedestrians injured from car related incidents. Also, there...
Read MoreOctober 16th marked the beginning of National Teen Driver Safety Week (NTDSW). The theme for this year is “talk to your kids about the 5 to Drive.” The 5 to drive campaign was started by the National Highway Traffic Safety Administration (NHTSA) to highlight the...
Read MoreMayor Bill de Blasio is expected to announce changes to the city’s air rights policy, affecting the way how unused development rights are bought and sold. Crain’s New York Business reported that the City Planning Commission has also solicited...
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