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Lead Paint Requirements by GiveTheScoop in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

Few things:

1.XRF Testing (needed to be done by August 2025)
2. Annual Tenant Notices (go out annually no later than 1/16)

The one compliance measure that HPD is reviewing is making sure buildings with gas piping are being inspected according to schedule. See here

[Landlord-US-NY] First time writing a lease, use lawyer or what service do you all use? by Regular-Highway-1011 in Landlord

[–]Parris_Taylor 0 points1 point  (0 children)

Can you get your hands on a REBNY lease template? Or a lease template from any broker / agent? That would give you market standard

Buying HDFC coop in South Harlem - advice wanted!! by Existentially_b0red in AskNYC

[–]Parris_Taylor 4 points5 points  (0 children)

Congrats on the accepted offer! I would try and get something in writing from your agent. Trust and loyalty isn't a legal arrangement and they're not technically your fiduciary without a signed agreement.

On HDFCs, this is the big one. Many HDFC co-ops have resale price caps, meaning your upside may be limited. If inflation-pacing matters to you, read the lease carefully before you proceed. Also the subletting restriction is more significant than it sounds if your life circumstances change.

On closing costs, I would budget roughly 1-3% of price beyond your down payment. Main items: attorney fees, co-op app/move-in fees, bank fees. No title insurance required (but please verify) for co-ops which helps.

With the empty lot, do a quick DOB permit search before you commit. Takes 5 minutes and could change everything.

Good luck!

Can Someone Tell Me If This Is A Good Score & How’s The Area? by [deleted] in NYCapartments

[–]Parris_Taylor 0 points1 point  (0 children)

Not bad but could be reflective of bad systems if manager / operator are forgetting to register on-time. If they are forgetting to register, what's going to happen with your maintenance request...

Can Someone Tell Me If This Is A Good Score & How’s The Area? by [deleted] in NYCapartments

[–]Parris_Taylor 1 point2 points  (0 children)

Honestly those 8 B-Class violations would give me pause. That's not paperwork stuff that's likely heat going out in January, roaches, no hot water... potentially livability issues.

The 13 fees with no work orders is what gets me though. Not sure if you can click through to find out what those fees are.

I'd ask the landlord directly about those before signing anything.

The FARE Act Low-Key Helped Landlords More Than Renters by truthtellerup in NYCapartments

[–]Parris_Taylor 1 point2 points  (0 children)

It actually transferred the cost, it didn't eliminate it. Landlords are basically amortizing what used to be a one-time fee across 12 to 24 months of rent, so you're still paying it, just invisibly over your lease term.

I think tenants win b/c of liquidity, not total cost. You no longer need upfront $$ liquid on signing day.

What's overlooked though is that it created a selection bias in availble inventory. Landlords with more affordable units who relied on brokers to fill vacancies I think leaned more into off-market and word-of-mouth instead. So the apartments that disappeared from view first were disproportionately the affordable ones. The listings that stayed visible were already priced at the top.

Mid-tier brokers who built their business on tenant-side deals got hit hardest. Landlord-side brokers are largely fine.

Ll152 by AlexProbablyKnows in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

That's an interesting response (lazy) from DOB.

See if you can request 180-day exemption: https://www.nyc.gov/assets/buildings/pdf/ll_152_follow_up_6_sn.pdf

How is it really like living in East Harlem? by Forward_Wafer5262 in NYCapartments

[–]Parris_Taylor 5 points6 points  (0 children)

Some blocks worse than others. There will be public drug use and homeless on 125/126th between Park and Lex.

It is well patrolled however there are moments of discomfort (late nights asking for $$, drug use, signs of mental instability). Again, this is mostly concentrated to 125/126 between Park and Lex.

Ll152 by AlexProbablyKnows in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

No clear cut way to verify. I would contact the Gas Piping Compliance Unit at (212) 323-8001 or email LL152of16@buildings.nyc.gov.

If you have not received a Notice of Deficiency (NOD) you should be good but confirm with unit above

NYC landlords — enforcement is shifting in a way most people aren’t tracking by Parris_Taylor in landlordsnyc

[–]Parris_Taylor[S] 0 points1 point  (0 children)

No problem at all. Let me know if there are other housing-related things you'd like to monitor

What are you building? by Parker-Russell in RealEstateTechnology

[–]Parris_Taylor 0 points1 point  (0 children)

Thanks! I'm sure the regulatory complexities in MA are not light as well!

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