It is being reported by Crain's that a committee passed the bill which was similar to a failed proposal sent to committee in 2015. The means the measure is likely to be approved by the full council tomorrow. There is no indication that there will be an increase in the fines for the non-compliance of the proposed law. Presently the fines are as follows:
- $250-$500 dollars per day for each initial heat or hot water violation
- $500-$1,000 per day for each subsequent violation at the same building during the same and/or the next calendar year from the initial violation or, during the same and/or the next heat season
Proponents of the new legislation indicates that it will enhance the well-being of tenants, particularly. As noted in the report, "Manhattan Borough President Gale Brewer added that boosting the nighttime minimum will bring New York City in line with Boston and Chicago, cities that often endure frigid winters on par with the Big Apple. The proposed bill would also get rid of the requirement that landlords only need to heat buildings when the outside temperature falls below 40 degrees, meaning the nighttime minimum would apply throughout the October 1 through May 31 heating season."
Opponents of the bill include environmental groups which state that increasing temperature will increase carbon emissions. Mayor de Blasio has pushed to reduced emissions by 80% over the next three decades. Property management companies in New York City as well as landlords should be aware of the changes and adjust accordingly based on the additional resources to be used based on the changes.
Blue Harbour Property Management is a full service NYC property management company servicing the boroughs of Queens, Brooklyn, Manhattan and the Bronx. Whether it be a 1 bedroom condo or multi-family building we are able to assist our clients maximize their investments.
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