Owners of apartment buildings and brownstones can lower their insurance premiums by creating a building profile for the insurance company. Simply, this document presents the building in the most favorable way, ultimately demonstrating that the property poses a relatively low…
In our litigious society, association boards and property managers need to protect themselves against legal action. Consider the following examples of actual disputes: One association board spent $1 million defending itself against a resident allegation that a special assessment was…
Did you know that New York City property owners can request to have a free tree planted on their street? Among its many duties, the New York City Department of Parks & Recreation maintains the city’s urban forest. Requesting a…
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…
