Sentences with phrase «rent abatements»

«You're more likely to get something like a 25 percent rent abatement for the next six months than getting your rent reduced for the rest of the lease.»

The length of the lease's term also affects other key variables, such as tenant improvements and concessions such as rent abatement.

But, on Dec 31, 2011, the J51 Rent Abatement expired, and tenants» advocates saw opportunity.

Knickerbocker Village, Inc. representatives said in a statement its staff had been working around the clock to restore services and that it was looking into the issue of rent abatement.

It's not his problem to put you up in a hotel, his obligations would be fulfilled by a rent abatement for the period your apartment is not usable.

About EUR 130 M has been spent to date, primarily on a Dundrum residential portfolio (which requires further development) & on New Century House, an IFSC office building yielding 5.9 % once rent abatement ends in Oct - 2015.

There are applications you can file in order to ask for a rent abatement (adjustment), but you must continue to pay your rent otherwise your landlord can take you to the Landlord and Tenant Board for arrears of rent and possibly have you evicted.

The tenant may also consider filing an application with the Landlord and Tenant Board for a rent abatement and for an order that the landlord make the repairs.

It's not his problem to put you up in a hotel, his obligations would be fulfilled by a rent abatement for the period your apartment is not usable.

Promising to deliver a smoke - free unit that still aggravates the new tenant could lead to further costs and a rent abatement award from the Landlord and Tenant Board.

One example of how this can be done is the rent abatement grant program designed to spur commercial development in Allentown, an economically depressed area of Pittsburgh.

Not exact matches

Legislative leaders, meanwhile, have been hesitant in speaking with reporters, even when it comes to providing routine updates on a variety of issues due to expire in the coming days, including rent control for New York City as well as the 421a tax abatement.

Still, Heastie pivoted when talking with reporters about the abatement to rent control regulations, which are also due to sunset this month.

Blair Horner, the director of NYPIRG, said the volume of donations was so high last year because Mr. Cuomo was facing reelection, as well as an expected battle over the expiration of rent stabilization and the 421a tax abatement this year.

It has strong positions on several issues sunsetting in June, including the 421a and J - 51 tax abatement programs as well as rent control in New York City, which developers oppose expanding.

Policy agendas for important issues like the 421a tax abatement and New York City rent laws are being set by publicly elected leaders who have become dependent on the real estate industry's onslaught of millions of dollars in campaign contributions.

De Blasio traveled to Albany in June to lobby for an extension of mayoral control, as well as changes made to the 421a tax abatement and an extension and strengthening of rent control laws in New York City.

This makes sense, because the state can make them rich with tax abatements, economic development aid, and regulations on rent.

The governor explicitly linked the renewal of rent laws to the 421a tax abatement.

Gov. Andrew Cuomo, Assembly Speaker Carl Heastie and State Senate Majority Leader John Flanagan today debuted the «framework» of a deal that will extend the city's rent regulations and the controversial 421a tax abatement for six months — with some tweaks to the former, and potential for the latter to last through 2019 if the real estate industry and labor reach an agreement on construction wages.

Mr. Skelos went on to vote favorably to the real estate industry on rent regulations and tax abatements, the complaint alleges, and facilitated the awarding of the contract to the environmental firm.

The residential - development firm sought favorable treatment in Albany — on issues like real - estate - tax abatements and rent regulation.

State lawmakers left the Capitol on Thursday without securing broader agreements on rent control or the abatement, nor did state lawmakers agree to any short - term extenders as negotiations continue.

The topic of discussion has not been revealed, but it's likely Democrats will talk housing issues with both rent control in the New York City area due to sunset as well as the 421a tax abatement.

Bills for issues ranging from rent control for New York City and the surrounding area, as well as a $ 1.3 billion property tax rebate program, a real - estate tax abatement and mayoral control for New York City schools are yet to be printed as language continues to be haggled over.

ALBANY — With a Monday deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

The lawyer, who handled much of Glenwood's political work, said the company hoped to obstruct the passage of campaign finance reform laws, see the controversial 421a tax abatement renewed, obtain a favorable tax cap on revenue from apartment buildings and to prevent Democrats from taking control of the State Senate and giving control of the New York City rent laws from Albany to the City Council — which Mr. Dorego compared to «an atomic bomb.»

Following the meeting, Albany passed laws extending the 421a tax abatement and preventing the city from putting in stronger rent regulations.

The state Legislature has sway over key real estate laws affecting Glenwood, including the 421 - a tax abatement program and rent regulation in New York City.

Of all the issues that dominated legislative debate in last year's session, rent control and 421 - a tax abatements had the most potential to drive a spike in donations from one sector; the fact that contributions from the biggest real estate developers ebbed made it difficult for 2015 to compete with prior years.

ALBANY — Governor Andrew Cuomo and the leaders of both houses of the State Legislature announced a «framework» for a deal Tuesday on several outstanding issues, including rent regulations, the 421 - a tax abatement program, mayoral control of New York City's schools and the education tax credit.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the criminal complaint said.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the complaint said.

ALBANY — New York City mayor Bill de Blasio chided the State Senate and Governor Andrew Cuomo on Wednesday for what he said was their lack of leadership on his proposed reforms to rent regulations and the controversial 421 - a tax abatement program.

Democrats in the state Assembly had mounted a strong push to tie approval for a new tax abatement to rules that would make it harder for New York landlords to turn rent - regulated apartments into free - market units.

Once a building's abatement expires, a tenant's apartment would continue to be protected by the rent laws until they left.

Those issues include renewing mayoral control of schools, extending rent protections and reforming the controversial tax abatement program known as 421 - a.

Rent control and the abatement expired last week for several days and was renewed on a temporary basis.

Senate Republicans emerged from a nearly three - hour long closed - door conference this afternoon, but an agreement on extending rent control in New York City and a real - estate tax abatement remains elusive.

With tomorrow's deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

But de Blasio also said he secured no commitments from top state lawmakers and the governor on a host of issues, including mayoral control and rent control regulations as well as the 421a tax abatement reforms he is seeking.

Along with rent control for New York City and the surrounding area, the 421a tax abatement is due to expire this month.

It appears likely, however, that lawmakers will remain at the Capitol through the week as key issues such as rent control regulations, mayoral control of New York City schools and the 421a tax abatement are yet to be locked down.

A number of key issues ranging from mayoral control of New York City schools, to rent control and the 421a tax abatement, are due to expire this month.

Assembly Speaker Carl Heastie on Wednesday disagreed with the assertion New York City Mayor Bill de Blasio did not score the necessary wins on a range of issues like mayoral control, an extension of rent control and the alterations of the 421a tax abatement.

Senator Gustavo Rivera said reforms to rent regulations and the 421 - a tax abatement program don't go far enough.

But despite an end - of - session slate of bills passing that included needed extensions for rent control, the property tax cap, the 421a tax abatement and mayoral control of New York City schools, it's likely unresolved policy questions will linger through the rest of the year.

But now the stakes are different as Albany enters the final 12 days of the legislative session: Rent control is due to expire next month, as is 421a, a tax abatement he is seeking changes to.

The last several weeks at the Capitol have been largely dominated by downstate issues like rent control and a real - estate tax abatement favored by developers.

On 421a, the issue has been over whether the abatement should be allowed to expire along side rent regulations for New York City.