Property insurance is one of the most important components of protection for common interest communities. It protects the property, association, corporation, board members, and residents from potentially financial consequences in the event…
Most buildings in flood zone areas already maintained flood insurance as a result of lender requirements and therefore were covered by Sandy. The biggest surprise was those persons who use their homes as home offices or the building rents …
In the typical suburban condo development, one must go to another location to shop— maybe to the mini-mall, or the big box store down the road. But in New York City co-ops and condos, stores are often found on the ground floor—supermark…
The sad reality is that when a hurricane, flood or fire strikes, often the greatest damage is not caused by the crisis itself, but rather by poor decision making by boards in the aftermath of the event. In the aftermath of a d…
When disaster strikes, whether in the form of a storm, a fire, or some other crisis, the devastation can be overwhelming—something we’ve seen too many times this summer on the nightly news. From making sure loved ones are safe to helping…
As the trilogy of real estate values rising, building usage changing, and cellphone and Internet communications became universal, wireless telecommunications companies became popular defendants in the Commercial Part of New York’s Civi…
Imagine the panic that sets in when a home is lost or damaged. Now imagine navigating through that fear alone. Whether it’s fire or flooding or the violent effects of a storm, anything that damages or destroys a home will have a lastin…
In a city that is made for walking, few stop to pause and look beneath their feet at the sidewalks that lead them uptown, downtown and crosstown. But these sidewalks—all 12,000 miles of them—form the arteries at the heart of New York. …
Recently, the Appellate Division, First Department—the state’s second highest court located in Manhattan—announced a decision with far-reaching implications for the state’s condominium owners. In the case Pekelnaya v. Allyn, the court …
With annual meeting season upon us lots of shareholders contemplate leaving the sidelines behind to join the ruling class. Before you decide to cross over, be forewarned that the grass isn't always greener on the other side. To help you mak…