Later this month, licensed real estate brokers in New York will be required to adhere to new rules aimed at improving transparency for individuals seeking to hire an agent.
As we approach year three of the COVID-19 pandemic, a dramatic change has occurred for renters and landlords in New York State.
The state legislature declined to further extend the eviction moratorium that has been in place since 2020. Under the moratorium, outside of a few exceptions, landlords were unable to evict tenants if the tenant claimed a COVID-19 hardship.
A State Supreme Court Judge dismissed a lawsuit last month brought by a group of landlords challenging the eviction moratorium that remains in place in New York.
This week, some good news came in the form of a Landlord Rental Assistance Program announced by Gov. Kathy Hochul. The program will provide $125 million in rental relief to a targeted group of landlords.
New York Chief Administrative Judge Hon. Lawrence K. Marks issued a memorandum on August 12 that revised the procedures for addressing both residential and commercial evictions.
Landlords and tenants have been in limbo wondering when eviction proceedings would be allowed to proceed, potentially shuttering businesses and putting families out on the street in the midst of COVID-19.
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