Tag: landlords

14 MAY

New York landlords are running out of ways to keep rents sky-high

Spencer Platt/Getty Manhattan landlords are doubling down on perks that encourage new tenants to sign leases and current residents to renew theirs. Concessions like one month of free rent more than doubled from a year ago in April to the second-highest level on record, to 28.6% of all new leases, a report released Thursday by […]

26 APR

Loopholes allow New York landlords to boost rents on stabilized apartments

Capture Light/Shutterstock.com (ProPublica) — In October 2015, Scherrie and Langston Donaldson received a cryptic notice from their landlord, labeled “preferential rent credit removal.” At first glance, they weren’t sure what to make of it. “As you know, we have been billing you at a preferential rent for your 2013-2015 lease,” it read. “Unfortunately, at this […]