While finishing a basement can expand a home’s living space, this home improvement project carries additional considerations in the five boroughs. Other blog posts address New York City requirements for basement rentals. This article looks at general restrictions and uses for…
Your tenant has signed a lease. The moving date is set. Now all you have to do is sit back and collect rent, right? There’s one more important step that can protect you and your tenant throughout the life of…
The master insurance policy of a condo or co-op affects not only the property, but also individual residents. When buying insurance for a condo or co-op building, the managing entity needs to balance adequate protection with fiscal responsibility. Having the…
When a tenant leaves, what do you need to do to prepare for the next tenant? If you’re a new landlord, or even if you’re more experienced, this handy apartment turnover checklist will make sure that nothing gets overlooked. Advertise…
As a landlord, you’re often liable for many incidents and conditions beyond your control. Mother Nature drops a foot of snow, and someone slips and falls on the sidewalk outside your building. Tree roots push up part of the sidewalk,…
Planning to renovate your apartment building? You’ll need a Tenant Protection Plan (TPP) if any of the dwelling units will be occupied during construction. Building owners must post or distribute a TPP Notice when the Department of Buildings (DOB) issues…
Most construction projects in New York City require a Department of Buildings (DOB) permit. Such undertakings require building owners to hire licensed design professionals—professional engineers (PEs) or registered architects (RAs)—who file plans and obtain permits before the work begins. While…
As a building owner, you’re responsible for any work done on your property. In New York City, this responsibility includes hiring design professionals and contractors with the appropriate licenses and securing a work permit before starting. Projects that DON'T Require…
What insurance does a landlord need? This article covers both basic landlord insurance and optional coverage you may want to consider. If you’re considering renting out your property and you’re not planning on living there, chances are, your homeowner’s insurance…
This article is the third in a series on resolving property violations in New York City. Visit the other articles in this series, Part 1: How to Clear NYC Property Violations – HPD and Part 2: How to Clear NYC…