Landlord / Building Owner Articles
Best Practices for Building Management Associations
Good intentions aren’t enough to protect building associations and their boards of directors from legal claims. Directors and officers (D&O) liability insurance is essential for protecting the association and board members from…
Common Directors and Officers Liability Claims
While no one likes to think about lawsuits (except for perhaps litigation attorneys), they are a fact of life—one that association boards and property managers need to prepare for with…
Why You Shouldn’t Own a Building in New York
If you own a building in your personal name, then you’re opening yourself up to a world of liability. Let’s say you’re a landlord. A tenant sues you over repairs…
Social Inflation: What It Is & How the Right Insurance Partner Can Lower Your Risks
When assessing the risks of insuring a property, landlord insurance providers use inflation indicators like the Consumer Price Index (CPI) to estimate payout amounts for potential claims. But one type…
Does Your Lease Agreement Include These 11 Key Pieces of Information?
Whether you're a landlord or a tenant in New York State, a well-drafted lease agreement is essential to protect the rights and obligations of all parties involved. A lease agreement…
When Is the Best Time to Shop for Landlord Insurance?
When shopping for landlord insurance, can you find bargains at certain times of the year, like buying cars and televisions? Or does it make sense to wait 60 to 90…
FDNY Fire Safety Requirements for Landlords
To help protect New Yorkers, the New York City Fire Department (FDNY) requires landlords to post and distribute certain fire safety and emergency preparedness documents. The requirements apply to multiple…
Common Landlord Insurance Claims (and How to Prevent Them)
While it’s important to have the right landlord insurance, no one really wants to file a claim. Many of the perils covered by landlord insurance and riders, such as fires and…
Strategies to Help You Avoid Distracted Driving
According to the 2020 Traffic Culture Safety Index, published by the AAA Foundation for Traffic Safety, most drivers (79.7%) consider using a handheld cell phone as extremely or very dangerous…
Real Estate Carrying Costs: Are You Getting Tired?
Managing real estate investment property (i.e., being a landlord) is a business. The upside is huge, but there is also great risk, as with most businesses. It’s not just about…