Property Management
The New York State Division of Housing and Community Renewal (DHCR) is responsible for:
AIssuing real estate broker licenses
BAdministering and enforcing rent stabilization and rent control laws✓ Correct
COverseeing the NYC co-op conversion process
DCollecting property taxes
Explanation
The DHCR administers New York's rent regulation programs, including rent stabilization and rent control, handles overcharge complaints, and processes applications for rent increases and deregulation.
Related New York Property Management Questions
- In New York, a landlord who receives a tenant's notice of vacating must inspect the unit and provide a written statement of any deductions from the security deposit within how many days of the tenant vacating?
- In New York, a 'commercial rent tax' (CRT) is imposed in which area?
- In New York City, a landlord who collects more than one month's rent as a security deposit (from a tenant in a market-rate apartment) is:
- In New York, a commercial landlord's right to 'distrain' (seize tenant property for unpaid rent) is:
- In New York City, the 'NYC Rent Stabilization Code' governs all of the following EXCEPT:
- New York City Rent Stabilization Law applies primarily to:
- A New York property manager who collects rents and security deposits must:
- In New York, a 'net lease' (also called a triple-net or NNN lease) in a commercial property means:
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