Tag Archives: New York Real Estate

New Bill Introduced Today Affecting Residential Leasing Commissions

Proposed legislation introduced to the New York City Council today would regulate residential leasing commissions. If this sounds familiar, a bill introduced to the New York City Council in February of 2019 would have limited the amount a residential broker hired by an owner could collect from a tenant to one (1) month’s rent, though […]

Understanding Local Law 97: The Energy Efficiency Law Poised to Shape New York Real Estate

On April 18, 2019, the New York City Council passed the Climate Mobilization Act, with the goal of making the city carbon neutral by 2050. In our last alert What Does A Building’s Energy Efficiency Grade Really Mean?, we addressed Local Law 33, a predecessor to the Climate Mobilization Act. The energy efficiency grades pursuant […]