Association News Rochester Chapter

THE NEW YORK STATE DEPARTMENT OF STATE ISSUES GUIDANCE FOR REAL ESTATE PROFESSIONALS CONCERNING THE STATEWIDE SECURITY  AND TENANT PROTECTION ACT OF 2019.

The Act is a Sweeping and Comprehensive Collection of New Provisions that Strengthen Tenant Protections for all New Yorkers.

New York State Secretary of State Rossana Rosado announced today that the Department of State’s Division of Licensing has issued guidance for Real Estate Professionals concerning the Statewide Security and Tenant Protection Act of 2019 (Act).

“The new laws are a broad collection of provisions that increase tenant protections for all New Yorkers,” said Secretary Rosado. “The Guidance will help the real estate industry and other interested parties understand the new law and apply it correctly for the benefit of current and prospective tenants.”  Read more …

Guidance for Real Estate Professionals Concerning the Statewide Housing Security & Tenant Protection Act of 2019

LEGAL ADVISORY FROM RAC NYSCAR AFFILIATE MEMBER, HARRIS BEACH PLLC:  Recent CERCLA Decisions in New York State Highlight Strict Pleading Standard

Two recent decisions in New York state’s federal courts granted defendants’ motions to dismiss based on inadequately pled allegations, highlighting the strict pleading standard of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). Both cases present ammunition to dismiss a case at the early stages of the litigation based on the allegations in a complaint.  Read Full Article

FROM RAC NYSCAR AFFILIATE MEMBER, HARRIS BEACH PLLC:  13 Things to Know: Expansion of Rent Regulation and Tenant Protections

BACKGROUND: On June 14, 2019, the Governor enacted sweeping legislation expanding certain rent provisions statewide and altering the relationship between landlords and tenants in residential real estate.

NEED TO KNOW: EXPANSION OF RENT REGULATION: The Emergency Tenant Protection Act of 1974 (“Act”) was expanded as part of this sweeping legislation. This Act established the system of rent stabilization and regulated rent as seen in New York City, and could be expanded to any village, town, or city if the local legislative body passes a resolution upon adequate public notice declaring an “emergency” after a finding that vacancy rates for any or all classes of housing are 5% or less.

TENANT PROTECTIONS: The legislation also strengthened the substantive rights of residential tenants against landlords while bolstering tenants’ procedural rights in the face of an eviction. Notable provisions include: Continue Reading

From the Desk of Mercedes R. Brien, RAC NYSCAR Awards & Scholarships Chair:

All nominations are due to me no later than end of day Monday, September 23, 2019.  Please email me with your nominee(s) at mercedes@missioncommercialrealty.com or call at 585-330-4890 (cell) or 585-348-9170 (office).

Download the form to nominate members of RAC NYSCAR for the Allan D. Moore Lifetime Achievement, Deal of the Year (Sale and Lease), Commercial Realtor of the Year, Meritorious Service, Best New Talent and Affiliate of the Year.  Awards will be presented at RAC NYSCAR’s November 14 Annual President’s Dinner and Awards Ceremony being held at Casa Larga Vineyards and Winery.

Education Scholarship funds are available through the Glazer Memorial Foundation and RAC NYSCAR for RAC NYSCAR members in good standing.  If you plan on registering for the CCIM courses in Rochester on October 28, 29 and 30, applying for an education scholarship can defer some of your costs.  Download information on eligibility and the application process.

June 10, 2019

From Joseph F. Rowley, Jr., RAC NYSCAR Governmental Affairs Chair:

Below is an email with a link to our Legislature and Senate.  We have only 4 days (June 14) until a vote.  Please help to stop rent control in Upstate New York.  If New York City wants rent control, let them have it.  We don't want this to happen here as it will greatly impact development in our region.  Read more below.

 GOVERNMENTAL AFFAIRS
Act Now: Oppose Burdensome Rent Restrictions! 

The New York State Legislature is poised to enact legislation expanding rent controls and limitations on evictions. Contact your state legislators today and urge them to oppose this misguided legislation.

EMAIL YOUR LEGISLATORS NOW

One of the most harmful effects of rent control is the downward pressure placed on development. According to a survey of the American Economic Association economists, 93% agreed that rent control has a negative effect on development.

When rent control is implemented, building development tends to move to more appealing cities. This leaves rent controlled areas with a stagnant, or more likely, decreasing housing stock. And with less supply, the cost goes up. The impact of less development goes beyond the quantity of available housing. 

Similarly, the limitations that S2892A/A5030A would put on evictions will make residential real estate a less attractive investment by lowering the value of properties and increasing the risk to the owner. De-incentivizing development will only serve to exacerbate the affordable housing crisis by halting the growth of new housing and reducing the quality of existing housing.

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LEGAL ADVISORY FROM RAC NYSCAR AFFILIATE MEMBER, HARRIS BEACH PLLC:  Recent Decision Narrows Commercial Tenants’ Recourse to Yellowstone Injunctions

Last week, in 159 MP Corp. v. Redbridge Bedford, the Court of Appeals upheld a recent decision of the Second Department that limits the rights of commercial tenants to obtain Yellowstone injunctions.  Read Full Article

From the Desk of Ginny Squire, RAC NYSCAR 2019 President:

I am absolutely thrilled to announce that our own Mercedes Brien, RAC NYSCAR Past President, has been named the New York State Commercial Association of REALTORS® Realtor of the Year!! The NYSCAR Realtor of the Year recognizes and honors those who have served not only in the Commercial Real Estate profession but also within their community. Mercedes' award was presented to her at the Board of Governors General Session, held on Tuesday, February 12, 2019, in the King Street Ballroom at the Desmond Hotel and Conference Center in Albany, NY. Congratulations, Mercedes!! Mercedes is also serving as this year's Secretary on the NYSCAR Board of Governors. 

Doug Johnston, Principal of Impact4Results, was our special guest speaker for our January 19 Kick-Off Luncheon.  Doug’s topic was “Thriving in Conflict,” and his points were very relevant and his suggestions to resolve conflict issues were insightful.  View the video of Doug’s presentation.

Based on the results of the Membership Technology Survey, members expressed an interest in learning about the new and changing technology trends that will affect Commercial Real Estate in the coming year.  Therefore,  the RAC NYSCAR Technology Committee has prepared a handout with six quick trends to watch out for in 2019.  There is also a link to one of the sources used to prepared the handout if members would like a more in-depth picture of what’s to come; check it out!
 
Also, as a result of the formation of our RAC NYSCAR Technology Committee, the State has decided to form their own State-wide Technology Committee, of which Mercedes Brien will be the Chair. 

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