Buying in NYC Archives - Page 6 of 39

Rent security deposits in NYC are capped at 1 month of rent. Landlords are required to return security deposits within 14 days of moving out.

NYC Rent Security Deposit Laws

By Sonja Gosine, Spokesperson at Hauseit® / August 31, 2022

Rent security deposits in NYC and in New York State are capped at one month of rent according to the Housing Stability and Tenant Protection Act of 2019. This limitation does not apply to seasonal rentals of 120 days or [...]

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The warranty of habitability obligates your NYC landlord to keep your apartment safe, clean and fit for human habitation.

What Is the Warranty of Habitability in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / August 30, 2022

The warranty of habitability is a set of legal protections for renters in NYC which obligates your landlord to keep your apartment safe, clean and in a condition which is “fit for human habitation” at all times. These obligations also

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The SoHo Artist-in-Residence (A.I.R.) allows certified artists to live in former commercial buildings in SoHo and NoHo which were zoned for non-residential use.

What Is the SoHo Artist-In-Residence Law in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / August 22, 2022

The SoHo Artist-in-Residence (A.I.R.) Law was enacted in 1971 to allow artists to legally live in former commercial buildings in SoHo and NoHo which were zoned for manufacturing. At the time, these neighborhoods were a haven for artists, but existing

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Rent stabilized NYC apartments offer tenants several protections including limitations on annual rent increases and the right to renew.

What is a Rent Stabilized Apartment in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / August 19, 2022

Rent stabilized NYC apartments offer tenants several protections including limitations on annual rent increases and the right to renew with few exceptions. Allowable annual rent increases for rent-stabilized units are set each year by the New York City Rent Guidelines

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There is no way to lease a rent controlled NYC apartment unless you are a qualifying family member of an existing rent controlled tenant.

What is a Rent Controlled Apartment in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / August 16, 2022

A rent controlled apartment is the holy grail of affordable housing in NYC. If you’ve ever heard about someone who pays just a few hundred dollars a month for a prime NYC apartment, chances are that it’s a rent controlled

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A market value rider increases the amount of your home's title insurance protection up to the fair market value of the property. It can be purchased at closing.

What Is a Market Value Rider in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / August 15, 2022

A Market Value Rider (MVR) increases the amount of title insurance protection on your property in New York and NYC. Without the addition of a market value rider, a traditional title insurance policy will only provide coverage up to your

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Rodents and vermin are an unavoidable reality of living in NYC, but you can reduce the odds of an infestation by picking the right apartment.

How to Avoid Rodents and Vermin when Buying or Renting in NYC

By Sonja Gosine, Spokesperson at Hauseit® / August 11, 2022

Rodents and vermin are an unavoidable reality of living in NYC, but you can reduce the odds of an infestation by picking the right apartment in the right type building. We’ll go over several techniques to reduce your odds of

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How much your landlord can raise your rent in NYC depends on what type of apartment you live in. There is no limit on rent increases for unregulated units.

How Much Can Your Landlord Raise Your Rent in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / August 8, 2022

How much your landlord can raise your rent in NYC depends on what type of apartment you live in. The first thing you should do is figure out whether you live in a free-market (“unregulated”) apartment or a “regulated” apartment,

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NYC penthouse buyer closing costs range from 3% to 6% of the purchase price. Buyer closing costs are lower for all-cash transactions in NYC.

How Much Are Buyer Closing Costs for a Penthouse in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / May 31, 2022

Penthouse buyer closing costs in NYC range from 3% to 6% of the apartment purchase price. Expect to pay between 3% to 4% if you’re paying cash and 5% to 6% if you’re financing. Buyer closing costs are higher for

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Getting a buyer agent commission rebate in NYC is as simple as working with a buyer’s broker who will rebate a portion of the commission paid by the seller.

How Do I Get a Buyer Agent Rebate in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / May 28, 2022

Congratulations on getting this far. Most home buyers in NYC are not even aware that they can save money and reduce their buyer closing costs by legally receiving a buyer agent commission rebate. Getting a buyer agent commission rebate in NYC

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