Half of New York City’s 24,000 restaurants could go out of business. Gertie is fighting to avoid becoming one of them.
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Tag Archives: Landlords
California Tax Revolt Faces a Retreat, 40 Years Later
Proposition 13 in 1978 curbed property tax increases. Now voters may strip protection for commercial buildings, helping hard-hit local budgets.
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The Tenant Safe Harbor Act Comes to The Hamptons
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?
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The Tenants Who Evicted Their Landlord
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.
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New York’s Commercial Rents Are ‘Too Damn High’
They’re making it harder for the city to recover. Here’s how to lower them.
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With Evictions Looming, Cities Revisit a Housing Experiment From the ’70s
Proposals giving tenants the right to purchase their building are being revived as the coronavirus puts renters at risk.
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How to Use the Renter’s Market to Your Advantage
If you’re hoping to relocate, renew a lease or renegotiate an existing agreement, this is what to keep in mind.
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How to Negotiate With Your Landlord
It’s a renter’s market. Here are some tips to help you take advantage of your power as a tenant.
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Small Businesses Need Rent Breaks. But Landlords Are in Crisis, Too.
Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods.
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Unable to Pay Rent, Small Businesses Hope for a Deal With Their Landlord
Months of pandemic-related closures have left many business owners too deeply in debt to survive without concessions or deferrals.
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How Does the Federal Eviction Moratorium Work? It Depends Where You Live
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.
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Manhattan’s Office Buildings Are Empty. But for How Long?
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes.
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Trump Executive Order: The New Eviction Moratorium
A Trump administration order could allow many renters to avoid eviction through Dec. 31. We answer renters’ questions here.
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Why an Eviction Ban Alone Won’t Prevent a Housing Crisis
Renters receive more relief, but there’s a looming problem for landlords, especially those who own just a few properties.
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U.S. Orders Eviction Moratorium for Most Through Year’s End
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.
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Don’t Let Eviction Become a Superspreader
A deadly pandemic is no time to turn families out of their homes.
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As Evictions Loom, Lawyers Are Gearing Up to Help
With a federal moratorium coming to an end, legal aid lawyers say they are preparing to defend renters in housing court.
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To Pay Rent and Avoid Eviction, Tenants Cash In Their Dreams
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.
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Manhattan Vacancy Rate Climbs, and Rents Drop 10%
There were more than 67,300 units available in July across the city as it tries to rebound from the coronavirus outbreak.
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Retail Chains Abandon Manhattan: ‘It’s Unsustainable’
Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.
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Millions of Evictions Are a Sharper Threat as Government Support Ends
Without more federal aid for workers, experts are expecting the largest disruption to the housing market since the Depression.
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One-Third of New York’s Small Businesses May Be Gone Forever
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.
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New York Love Story: The Submarine Officer and the Beatles Cover Band
A Columbia grad student, new to the city, lost his lease. So he organized the perfect send-off.
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Landlords Jump the Gun as Eviction Moratorium Wanes
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.
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The One Change That Could Save Your Neighborhood Stores
The key to pandemic survival for your favorite, homey retailer may be bankruptcy protection. But the code does too little for small businesses.
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10 Steps to Take to Try to Prevent Your Own Eviction
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.
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Sleeping Outside in a Pandemic: Vulnerable Renters Face Evictions
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.
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A Moratorium on Evictions Ends, Leaving Thousands of Tenants Fearful
Eviction cases are expected to soar in New York City as housing courts reopen and landlords seek to recoup income lost during the pandemic.
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Why Rents Haven’t Dropped in New York City
Many renters anticipated that rents might go down because of the coronavirus, but most landlords have refused to budge.
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N.Y.C., Facing Pandemic Fallout, Freezes Rent for 2 Million Tenants for a Year
Landlords, citing rising costs, had pushed for increases. Tenants had argued for rollbacks because of the coronavirus outbreak’s financial toll.
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Tenants’ Troubles Put Stress on Commercial Real Estate
As landlords face rent shortfalls and renegotiation because of the pandemic, lenders are also exposed. Hotels and retail spaces have been hit hardest.
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Tenants Stay Current on Rent, for Now
Collections have been surprisingly strong through the pandemic, but there are troubling signs — for landlords and tenants alike.
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Coronavirus Isn’t Killing NYC’s Small Businesses. Rent Is.
It won’t be Amazon or the coronavirus. It will be artificially high rents.
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How Automated Background Checks Freeze Out Renters
Algorithms that scan everything from terror watch lists to eviction records spit out flawed tenant screening reports. And almost nobody is watching.
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An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters
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.
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Gallery Sues Landlord, Claiming Covid-19 Shutdown Voids Lease
The lawsuit contends that since the Venus Over Manhattan gallery is closed by government orders during the pandemic, the lease should be terminated.
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Virus Impact on One Landlord: 80% of Its Retail Tenants Missed Rent
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.
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WeWork Wants a Rent Break. Its Customers Do, Too.
Some who rent space from the troubled company say it has not been generous with them even as it seeks concessions from building owners.
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Manhattan Faces a Reckoning if Working From Home Becomes the Norm
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.
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#CancelRent Is New Rallying Cry for Tenants. Landlords Are Alarmed.
From New York to Los Angeles, tenant groups are encouraging millions of renters to withhold May rent, which landlords warn would be devastating.
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The Rent Is Too Damn Harrowing
Already a source of acute anxiety, rent has become a paralyzing, panic-inducing subject for many New Yorkers.
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Can I Have Friends Over for Dinner?
Tensions can flare as apartment residents and building managers navigate the rules of social distancing.
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Rents Are Late, and ‘It’s Only Going to Get Worse’
As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk.
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40% of N.Y. Tenants May Not Pay Rent This Month. What Happens Then?
Many unemployed tenants won’t be able to pay April rent. There will be a domino effect on landlords, real estate industry officials said.
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A Virus’s Effects: Coughs, Chills and Sometimes a Forgiving Spirit
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?
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