On June 26, 2025, the Appellate Division, First Department, issued its latest decision in Burrows v. 75-25 153rd St., LLC (2025 NY Slip Op 03861). Please find our analysis the Court of Appeals decision on Burrows here. This recent decision addresses the distinction between temporary rent…
In a 5–4 vote, the New York City Rent Guidelines Board passed Order No. 57, which sets rent adjustments for rent-stabilized apartments and lofts for the upcoming year. The new increases apply to all renewal leases commencing on or after…
Since August 18, 2024, New York property owners have been required to provide tenants with a Good Cause Eviction (“GCE”) Law Notice when taking certain actions, such as offering new leases, renewing existing leases, or issuing non-renewal notices. This notice…
Overview: What You Need to Know The Fairness in Apartment Rental Expenses (FARE) Act, effective June 11, 2025, significantly changes how broker fees are handled in New York City. Under the Act: Compliance Checklist for Landlords Best Practices for Advertising…
Last month, the New York State Senate passed Senate Bill S119, which would impose new disclosure requirements relating to rent registration statements filed with the New York State Division of Housing and Community Renewal for buildings owned by Limited Liability…
The Court has spoken. Further to our earlier correspondence today, REBNY’s motion seeking a preliminary injunction has been denied. As a result, the Fairness in Apartment Rental Expenses (FARE) Act will take effect as scheduled tomorrow, June 11, 2025. Read…
As of tomorrow, June 11, 2025, the FARE Act (colloquially known as the “Broker Fee Law”) will officially go into effect in New York. While the Real Estate Board of New York (REBNY) commenced a Federal Court action seeking to…
KMWB Partner, James Schwartz, secured a significant victory at the Appellate Division, First Department in a commercial guaranty action. The firm’s client, the owner of an office building, sued a lease guarantor for unpaid rent. The guarantor sought dismissal, claiming…
NYC Rent Guidelines Board Lowers Proposed Rent Hikes for Two-Year Leases In a rare revote on May 27, the NYC Rent Guidelines Board reduced its proposed rent increase range for two-year leases in rent-stabilized apartments from 4.75%–7.75% to 3.75%–7.75%, following…
KMWB is pleased to announce that Partner Jeffrey Levine, Esq., secured a significant victory on behalf of a property owner client in a commercial holdover proceeding before the Civil Court of the City of New York. The proceeding stemmed from…
We’re pleased to announce that Paola Arzeno-Barbano has joined KMWB as an Associate Attorney! Paola focuses her practice on administrative real estate law, regulatory compliance, and agency proceedings throughout New York City. She advises clients on overcharge complaints, substantial completion…
Recent media coverage has highlighted evolving challenges in New York City’s rent-stabilized housing market, affecting both landlords and tenants. The Housing Stability and Tenant Protection Act of 2019 (HSTPA) introduced sweeping reforms, including the elimination of vacancy bonuses, limitations on…
Local Law 97, one of the most consequential climate laws in New York City’s history, is now in effect. As of 2024, most buildings over 25,000 square feet are subject to strict greenhouse gas emissions limits, with substantial penalties for…
A federal court decision currently pending in the matter Real Estate Board of New York v. City of New York could have sweeping consequences for how residential rental transactions are handled throughout New York City. On May 2, 2025, Judge…
KMWB is pleased to share that Partner Nicholas Yokos, Esq., and Senior Associate Brian Campbell, Esq., prevailed on behalf of a landlord in a breach of contract action brought by the tenant in the Supreme Court of the State of…