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LEGAL/FINANCIAL

HOW LEGAL/FINANCIAL PROBLEMS ARE SOLVED BY NYC CO-OPS AND CONDOS

Protecting Mom-and-Pops from Landlord Harassment

New York City

Commercial Tenants

Small businesses in New York, an endangered species (image via Google Maps)

June 30, 2016

Mayor Bill de Blasio signed a new law on Tuesday designed to shield commercial tenants from landlord harassment and make it easier for beleaguered small businesses to survive in the city.

“Our small businesses are not only engines of our economy – they’re an essential part of our city’s character,” de Blasio said at the signing. “A landlord may not interrupt services he is required to provide, like heat or hot water, with the intent to cause a tenant to vacate. If a judge finds that a commercial tenant has been harassed in this way, the landlord will face civil penalties ranging from $1,000 to $10,000, and the tenant may be awarded attorney’s fees.”

Disputes between co-op and condo boards and their commercial tenants are not uncommon, but now landlord-boards might want to think twice before resorting to rough tactics to resolve those disputes – or get rid of a commercial tenant.

Despite the mayor’s praise for the new law, which was sponsored by Councilman Robert Cornegy, a Brooklyn Democrat, some feel it doesn’t go far enough. Small business advocates such as Take Back NYC favor the more stringent, but long-stalled, Small Business Jobs Survival Act.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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