Half of New York City’s 24,000 restaurants could go out of business. Gertie is fighting to avoid becoming one of them.
Proposition 13 in 1978 curbed property tax increases. Now voters may strip protection for commercial buildings, helping hard-hit local budgets.
New York State’s Tenant Safe Harbor Act was intended to help those affected by the pandemic. But what if that harbor is on the fancier side?
Covid-19 has revealed the depths of the nation’s rental housing crisis — but a group of Minneapolis tenants has shown that a different future is possible.
They’re making it harder for the city to recover. Here’s how to lower them.
Proposals giving tenants the right to purchase their building are being revived as the coronavirus puts renters at risk.
If you’re hoping to relocate, renew a lease or renegotiate an existing agreement, this is what to keep in mind.
It’s a renter’s market. Here are some tips to help you take advantage of your power as a tenant.
Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods.
Months of pandemic-related closures have left many business owners too deeply in debt to survive without concessions or deferrals.
From state to state, and even judge to judge, a simple-sounding order by the C.D.C. on eviction cases is open to interpretation.
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes.
A Trump administration order could allow many renters to avoid eviction through Dec. 31. We answer renters’ questions here.
Renters receive more relief, but there’s a looming problem for landlords, especially those who own just a few properties.
The C.D.C. action cited the coronavirus risk if tenants are forced into shelters or other crowded quarters. It did not lift their rent obligation.
A deadly pandemic is no time to turn families out of their homes.
With a federal moratorium coming to an end, legal aid lawyers say they are preparing to defend renters in housing court.
Federal aid and eviction bans have kept many tenants in their homes. With that support ebbing, it can take charity and sacrifice to avoid dislocation.
There were more than 67,300 units available in July across the city as it tries to rebound from the coronavirus outbreak.
Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.
Without more federal aid for workers, experts are expecting the largest disruption to the housing market since the Depression.
Small-business owners said they have exhausted federal and local assistance and see no end in sight after months of sharp revenue drops. Now, many are closing their shops and restaurants for good.
A Columbia grad student, new to the city, lost his lease. So he organized the perfect send-off.
The CARES Act temporarily protects millions of renters from being kicked out of their homes for nonpayment. Filings aren’t supposed to resume until after Friday.
The key to pandemic survival for your favorite, homey retailer may be bankruptcy protection. But the code does too little for small businesses.
Some federal relief is about to expire. Local assistance is spotty. Congress may not act quickly. Here’s how to get help, or help yourself.
As the coronavirus prevents people from going back to work and paying their rent, evictions have begun, often targeting vulnerable people such as unauthorized immigrants.
Eviction cases are expected to soar in New York City as housing courts reopen and landlords seek to recoup income lost during the pandemic.
Many renters anticipated that rents might go down because of the coronavirus, but most landlords have refused to budge.
Landlords, citing rising costs, had pushed for increases. Tenants had argued for rollbacks because of the coronavirus outbreak’s financial toll.
As landlords face rent shortfalls and renegotiation because of the pandemic, lenders are also exposed. Hotels and retail spaces have been hit hardest.
Collections have been surprisingly strong through the pandemic, but there are troubling signs — for landlords and tenants alike.
It won’t be Amazon or the coronavirus. It will be artificially high rents.
Algorithms that scan everything from terror watch lists to eviction records spit out flawed tenant screening reports. And almost nobody is watching.
The economic downturn is shaping up to be particularly devastating for renters, who are more likely to be lower-income and work hourly jobs cut during the pandemic.
The lawsuit contends that since the Venus Over Manhattan gallery is closed by government orders during the pandemic, the lease should be terminated.
Commercial owners are reporting steep drops in rental payments, which could imperil their own finances and the property tax collections that pay for city services.
Some who rent space from the troubled company say it has not been generous with them even as it seeks concessions from building owners.
Even after the crisis eases, companies may let workers stay home. That would affect an entire ecosystem, from transit to restaurants to shops. Not to mention the tax base.
From New York to Los Angeles, tenant groups are encouraging millions of renters to withhold May rent, which landlords warn would be devastating.
Already a source of acute anxiety, rent has become a paralyzing, panic-inducing subject for many New Yorkers.
Tensions can flare as apartment residents and building managers navigate the rules of social distancing.
As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk.
Many unemployed tenants won’t be able to pay April rent. There will be a domino effect on landlords, real estate industry officials said.
Cities are halting evictions and utility shut-offs, and law enforcement officials are freeing some low-level offenders from jail. But how long should the generosity last?