Landlord Compliance

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Commonly Asked Questions about Landlord Compliance

What does it mean when your application goes to compliance?

Definition and basics. Compliance means that a company adheres to the applicable rules and laws. This includes both country specific laws and requirements from the regulatory authorities as well as internal company directives.

What does compliance mean in apartments?

Lease compliance covers many things. For instance, tenant compliance with their lease obligations for rent and upkeep. Not to mention landlord compliance with the building maintenance obligations and general accounting compliance in record keeping and reporting.

What are the obligations of a landlord in NYC?

Landlords must keep your apartment free of bedbugs and must provide all tenants with notice of the building smoking policy. Landlords also have requirements related to lead paint, smoke detectors, carbon monoxide detectors, locks and window bars. Landlords must protect you from reasonably predictable criminal harm.

How long does it take for compliance?

How long does a compliance review take? There is no standard amount of time for completion of a Compliance Review. It may take four to six months to complete a Compliance Review, depending on any findings and corrective actions.

How to report a landlord in New York state?

For more information, or if you need more help, please call 311 and ask for the Department of Housing Preservation and Development (HPD). Outside of New York City, call 212-NEW-YORK. You may also visit portal.311.nyc.gov to find an answer to your question or determine the proper course of action.

What is illegal for a landlord to do in NY?

New York landlords must follow a strict legal process for evictions, which includes serving proper notices, filing a court action, and obtaining a court order before an eviction can take place. Self-help measures such as changing locks or physically removing a tenant are illegal.

What does compliance approval mean?

Compliance Approval means, with respect to a Mortgage Loan, the commitment to a Mortgage Lender, subject to the terms of this Agreement, that a Mortgage Loan is eligible to be financed with a portion of funds made available by MFA through its Programs, evidenced by, and subject to the terms and conditions set forth in