The PropertyClub Blog

In New York City, landlords can evict tenants for violating the lease agreement. However, to evict a tenant, the landlord must properly terminate the tenancy by serving the tenant with adequate written notice, according to state and city law.

Florida remains an incredibly popular and plush place to live, provided that you have the money for it. With sandy beaches, Disneyland, and a booming nightlife world all just a drop away, it’s clear that this is one of the most popular places for celebrities to move. 

Closing on a home requires paying the seller to finalize the purchase. It involves completing all the legal and financial steps required to transfer ownership from the seller to the buyer. This process includes signing the necessary paperwork, paying closing costs, and transferring the funds to the seller, typically via a wire transfer.

The average cost of selling a house tends to range somewhere between 8% and 12% of the final sale price. To make sure that you have a more accurate idea of the cash you can pocket when all is said and done, it’s wise to prepare a comprehensive breakdown of the average cost of selling a house.

The most exciting day for any seller is the day money comes in after closing. However, it can be tricky to understand when the money will arrive. When does the seller get money after closing? What day will it come? Who has the money, and what form will that money come in?

The NYC transfer tax, also known as the NYC Real Property Transfer Tax (RPTT), is a tax that applies to all transfers of real property and cooperative shares over $25,000. The NYC transfer tax also applies when transferring a majority of the ownership in any corporation that owns NYC property.

Rental property owners can deduct depreciation from their taxes, which allows them to account for the natural loss in value of the home over time. This deduction helps reduce taxable income and can result in significant tax savings. However, there's a catch: when you sell the property, the IRS may require you to repay some of those tax savings through a process called depreciation recapture.

Whether it’s the nearly year-round sunshine, mild winters, open space, and affordable cities, it’s no secret why people are flocking to Arizona. These twelve cities are ranked the safest places to live in Arizona thanks to their very low crime rates per capita. 

Ever wondered where the safest places in the world are? Well, wonder no more! This report will explore the fifteen safest countries in the world based on their violent crime index. 

Have you ever noticed things going missing from your fridge, heard unexplained noises at night or felt a chill run down your spine that just can't be explained? These could be signs of a terrifying situation – someone secretly living in your home! This unsettling phenomenon is known as phrogging, and it's more common than you might think.  

Those who live in NJ but work in NYC are exempt from NYC income tax. However, you must file a New York non-resident return (IT-203) and a New Jersey resident income return (NJ-1040). Read along to find out more about which taxes to file to where to file them.

New York City is one of the few places in the United States where residents have to pay a local income tax in addition to state income taxes. The NYC income tax rate ranges from 3.078% to 3.876% based on your income. This tax applies to everyone living in the city and is paid annually along with your New York State taxes. The combined state and city income tax rates can go from 7.078% to 14.776%, making it one of the highest tax burdens in the country for top earners.