Rent Laws & Lease Renewal
|Description||1-Year Term||2-Year Term|
|Lease between October 1, 2019 and September 30, 2020||1.75%||2.75%|
|Lease between October 1, 2020 and September 30, 2021||0%||0%|
No discussion was held by the board related to Guideline increases where the Owner does not provide heat or hot water. We will update you on any developments regarding this situation.
The AOAC is composed of apartment building owners, managers, and allied businesses. The groups align to protect their interests and the economic viability of their properties, while providing quality and safe housing for their tenants. Owners and managers of the AOAC are responsible for more than 17,000 rental units throughout the Westchester and Mid-Hudson Region.
Running co-ops and condos is a complicated and multi-faceted job. The purpose of the CCAC is to broaden and sharpen the knowledge of board members to meet this challenge, as well as to educate legislators and the public on the unique aspects of co-ops and condos as a form of homeownership. More than 500 co-ops and condos throughout the Westchester and Mid-Hudson Region are members of the CCAC.
Members of ACMA are proud to provide their clients with the highest level of professional services. ACMA is composed of the largest and most well-known property management companies in the Westchester and Mid-Hudson Region. Those companies are responsible for the daily management of co-ops, condos, and rental apartment buildings. ACMA members follow the association’s “Code of Ethics” mandate for property managers. That mandate was established in 1995 by ACMA and its parent organization, the Building and Realty Institute (BRI).