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...Trump is asking a panel of judges at a New York appeals court to delay the enforcement without the full sum being posted....
...He said the government was “making clear that the new system will not [be] implemented until sufficient progress has been made improving courts”, and that it was putting £1.2mn towards “court digitisation...
...However, the government has been under pressure from landlords to make sure they retain the ability to get rid of problem tenants, especially given severe delays in the court system....
...Rents surged in London last year as workers and overseas visitors returned following the crisis, and landlords passed on higher mortgage costs to tenants....
...One of New York’s biggest property developers is launching a $1bn fund to invest in the city’s distressed office buildings, potentially heralding a new phase in the commercial real estate crisis....
...Between travel to Iowa and New Hampshire, Trump has had to divert his jet to New York City and Washington DC to attend court....
...Landlords and some Tory MPs argue that relying on slow court processes will make it too difficult to evict problem tenants....
...Landlords and some Tory MPs had argued that relying on slow court processes would make it too difficult to evict problem tenants....
...While renters’ unions say the legislation protects tenants, estate agents say it leaves landlords reluctant to enter into contracts on the normal rental market in the face of unpredictable inflation....
...Other countries and cities have already taken action. New York began in September enforcing a de facto ban on short-term rentals. Barcelona was an early mover against sites such as Airbnb....
...Hammerson has been working to repurpose spaces formerly occupied by traditional “anchor tenants” like Debenhams or House of Fraser by breaking up the large units and leasing them to multiple tenants....
...The New York Times investigated how Trump had moved money to pay legal bills worth more than $100mn — none of it his own money....
...While rent rises are slowing, factors such as landlords selling up and people moving back to cities after the pandemic are helping keep rents high. “It’s a bit like the inflation numbers....
...US Supreme Court: America’s highest court will hear oral arguments on the abortion pill, which could limit access to the medication less than two years after Roe Vs Wade was overturned....
...With remote working, New York City office vacancies have reached record levels. Older buildings have been particularly hard hit, including 40 Wall Street....
...What is good for landlords is not always good for a city,” said Woon adviser Gert Jan Bakker....
...But others — especially new arrivals — are not so fortunate....
...“New York City continues to be an unparalleled place to do business”....
...New York’s property supply crunch has brought vacancy rates down from almost 4.5 per cent in 2021 to 1.4 per cent, below the pre-pandemic rate of 3.6 per cent, according to the New York City Comptroller....
...Biden: The US president will attend a star-studded fundraiser in New York City with former presidents Barack Obama and Bill Clinton as he prepares for a rematch with Donald Trump in November’s election....
...Of council homes sold off under Right to Buy, 40 per cent have been rented out by private landlords, many to social tenants with landlords’ profits subsidised by the state....
...Landlords of F- and G-rated homes may no longer raise rents, and as of this year, the worst of the G-rated properties cannot be rented to new tenants....
...one of the UK’s largest landlords....
...He and his businesses are prohibited from applying for loans from financial institutions registered with the New York regulator during the same period....
...This article is part of FT Globetrotter’s guide to New York It’s called the city that never sleeps for a reason: New York’s cultural calendar is jam-packed this year, so we’ve narrowed down some of 2024...
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