Property Management News

Corporate Transparency Act Filing Requirements...

If you need help complying with the Corporate Transparency Act, click here for a free assessment.  Overview The Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline. The bottom line is that any entity classified as a “reporting company” under the CTA has to file with the Financial Crimes Enforcement Network of the Treasury (FinCEN). Each reporting company will have to file Beneficial Owner Information (BOI) for each person deemed a beneficiary owner (BOs). While a detailed discussion of the legal arguments in the cases challenging the CTAs constitutionality, and the... Read more

Yes, a landlord can raise the rent if a girlfriend moves in. However, it is important to review the terms of the rental agreement to see if there are any restrictions...

A landlord can increase rent via text message. Rent increases can be communicated by landlords to tenants through various means, including email, written notice, or...

One of the most common assets that divorcing couples own is real property. In many cases, the real property is limited to the marital residence. However, some cases also...

Navigating the legalities of marijuana use within property management is an ongoing challenge as states increasingly adopt diverse regulations. This variance between...

NY Source of Income Antidiscrimination Law Ruled...

In People vs. Commons West, LLC, the Cortland County New York Supreme Court ruled the New York Source of Income Antidiscrimination statute (“SOIA”) to be unconstitutional. The New York Human Rights Law (Executive Law article 15) was amended in April 2019 to make it an unlawful discriminatory practice to refuse to rent or lease housing accommodations to any person, or group of persons, based on their “lawful source of income “ As defined in the Human Rights Law, “lawful source of income” specifically includes “any form of federal, state, or local public assistance or housing assistance including … section 8 vouchers … whether or not such income or credit is paid or... Read more

As a landlord or property manager, understanding the intricacies of smoking policies in rental properties is crucial. This comprehensive guide dives into the...

Navigating the complexities of property management includes dealing with fair housing claims, a task that becomes even more challenging when a claim of retaliation is...

A landlord can increase rent by up to a certain percentage or amount specified by local rent control laws. Rent increases are subject to local rent control laws which...

The California Apartment Association urged the court to hear a major property-rights challenge to tenant protections in NYC The Supreme Court on Tuesday declined to hear...