Few topics relating to real estate are less scintillating or more critical than homeowners insurance. Remember Sandy?
Even if a terrible storm doesn’t ruin your home or its contents, anyone who has experienced a loss will vouch for the importance of homeowners or renters insurance.
If your eyes haven’t already glazed over, here in a nutshell are items in a homeowners policy that merit attention:
- Exclusions. Don’t take for granted Continue reading
There is a section of property law that declares tenants’ right to live in conditions not dangerous, hazardous or detrimental to their life, health or safety.
Under the “warranty of habitability,” tenants have the right to a livable, safe and sanitary apartment.
Under the warranty — in other words, guarantee — a unit must provide heat or hot water on a regular basis. Other issues include, leaks, mold, broken plumbing, elevator service in high-rise building and insect infestation.
It is up to the landlord to remediate conditions that make a rental unit unlivable, no matter the cause. If a landlord fails to act, the warranty of habitability provides tenants with the opportunity to obtain financial relief in one of three ways. Continue reading