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…
An emergency can strike at any time, whether it’s a natural disaster, a gas line explosion, or something else. The time to review your disaster response plan is before an unforeseen event happens. Keep in mind that New York City…
In an older city like New York, Ordinance or Law coverage makes a lot of sense for building owners. Also known as building ordinance coverage, it protects property owners against higher repair costs resulting from building code or ordinance enforcement…
When shopping for investment opportunities in the New York City area, prospective building owners often encounter mixed-use properties. These buildings combine commercial and residential space, and they’re found throughout the five boroughs and the surrounding area. Mixed-use properties can range…
You’ve just bought a rental property or you’re about to rent your home. Maybe you’ve inherited a home and want to rent it rather than sell it. Or you’ve bought a multi-family home and plan to live in one unit…
Various New York laws require landlords to post specific signs and notices for tenants. These include the Housing Maintenance Code (part of the NYC Administrative Code), the Multiple Dwelling Law, and the Rules of the City of New York. As…
When you get new insurance for your building or renew an existing policy, a representative from the insurance company will visit your property to evaluate it before setting your insurance rates. So how can you lower building insurance costs? And…