Finance Capsules

You will learn how to manage eviction notices with specific deadlines like the 14-day pay-or-quit for nonpayment and understand tenant protections under laws such as the Good Cause Eviction statute. The guide clarifies co-op board approval processes, including penalties like a $1,000 fine for delayed decisions, and details real estate transfer tax obligations, including a 15-day deadline for payment and a 10% penalty plus monthly interest for late filings. It also covers the elimination of vacancy bonuses, security deposit rules, and property tax penalties, equipping you to navigate the complex legal and financial landscape of NYC housing.