New York City’s Department of Housing Preservation & Development (HPD) requires annual property registration by owners of residential buildings that meet the following requirements: Multiple dwelling (3 or more residential units) Private dwelling (1-2 residential units) not occupied by the…
Landlords in New York City have specific responsibilities for protecting tenants from lead paint hazards. Local Law 1 of 2004, also known as the Childhood Lead Poisoning Prevention Act, outlines these requirements, which apply to multiple dwelling units that were…
If you’ve ever purchased—or simply researched—property insurance, you’ve likely encountered the terms “contents” and “structures” coverage. In a nutshell, “structures” refers to the insured building and other structures, and “contents” refers to what’s inside. But this is insurance—no answer is…
Have you received a notice about force-placed insurance on your property? If so, you’re probably paying too much money for insufficient protection. This article explains what force-placed insurance is, why these policies are put in place, and how to protect…
Does the name on your insurance policy match the name on your property deed? While this may sound like a trick question, it’s a situation that we encounter from time to time. Property deeds change for several reasons. This article…
A large tree branch damages the roof. A leak on the top floor floods three units. A fire makes a unit uninhabitable. You compile a list of the damage, get repair estimates, and submit everything to your insurer. Will you…
Two side-by-side buildings, seemingly identical, can have widely varying insurance premiums for many reasons. One major factor, which owners control, is how the building looks to an insurer. Taking care of your property, especially when it comes to timely maintenance,…
Do you have the right amount of insurance coverage for your needs? From time to time, we speak with building owners in the New York City area whose properties are drastically underinsured. They pay lower premiums but receive an unpleasant…
The following article is a guest post by Janet Nina Esagoff, Esq. Property owners and managers, take heed. New York State enacted the “Good Cause” Eviction Law (“GCL”) on April 20, 2024, effective immediately. Now, landlords have more restrictions in…
Homeowners shopping for New York City building insurance often have special needs. This is particularly true for owners who own historic buildings or need brownstone insurance or coverage for other pre-war buildings. The saying “They don’t make ’em like they…