Advice for Clients Affected by Hurricane Sandy

Dear Clients,

These are trying times and they are testing our character and spirits. We shall overcome this and come back stronger. As your lawyers, we are honored to be able to assist you during these trying times. From both on the ground with reinforcements to our legal advice and notices like the one below, Adam Leitman Bailey, P.C. will be by your side during every step of the way as we all try to recover and rebuild.

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Click on the links below for further content related to Hurricane Sandy:

Q & A: Are Landlords Really Responsible for Con-Ed’s Inability to Provide Power

Q & A: Are Landlords Really Responsible for Con-Ed’s Inability to Provide Power
By Dov Treiman Q: Are you saying that whenever a rent regulated tenant loses power because of a widespread power outage that the tenant is entitled to a rent abatement? A: It has nothing to do with rent regulation. It’s all about the warranty of habitability. As to a power outage, it depends on the duration. For a few minutes, there is no abatement and that is also probably true of a couple of hours. However, if the outage is...
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How to Maximize Your Insurance Coverage and Governmental Assistance Post-Sandy

How to Maximize Your Insurance Coverage and Governmental Assistance Post-Sandy
By Adam Leitman Bailey and Colin Kaufman NOTE that this is general information which may apply to you, but is not a substitute for discussing your individual situation with your lawyer and/or insurance broker. You should be aware that there are strict time limitations which may apply. Q: How do I know if my home has flood or insurance coverage? And what type of insurance will cover damages from hurricane Sandy? A: Because lenders mandate that homeowners in flood zones...
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Post-Sandy Landlord-Tenant Questions and Answers About Your Apartments

Post-Sandy Landlord-Tenant Questions and Answers About Your Apartments
Real Estate WeeklyNew York Real Property Law Journal
By Adam Leitman Bailey and Dov Treiman Q: Is there any difference in the law between how regulated and unregulated apartments are handled when the tenant cannot live there because of storm damage? A: Rent regulation makes almost no difference in the legal treatment of storm damaged or destroyed apartments. In unregulated apartments, the lease may give the landlord the option to cancel the lease in the event of serious damage to the apartment or the building in which the...
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Attorneys Answer Six More Questions Boards Have About Superstorm Sandy

Attorneys Answer Six More Questions Boards Have About Superstorm Sandy
Habitat Magazine
By Adam Leitman Bailey, Leonard H. Ritz, and Dov Treiman In this second of two installments, leading real-estate attorneys answer more condo and co-op board members have been asking about what’s expected of them and of shareholders / unit-owners in the terrible aftermath of superstorm Sandy. Q: Does the Board have any responsibility for loss of value of the apartment due to the storm damage or due to the apartment’s now apparent vulnerability to storms? A: Neither in a condo...
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Lessons from SuperStorm Sandy: Issues Facing Cooperative and Condominium Boards and Managers

Lessons from SuperStorm Sandy: Issues Facing Cooperative and Condominium Boards and Managers
By Adam Leitman Bailey 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 out office space and maintained business interruption insurance only to find out that business insurance only kicks in only when involving a covered peril such as a direct hit from a flood. For example, a unit owner...
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Sandy, One Year Later: Issues Facing Property Owners

Sandy, One Year Later: Issues Facing Property Owners
New York Law Journal
By Adam Leitman Bailey and Dov Treiman Real estate lawyers have been and will be the leaders of the rebuilding process of our storm-torn city. One of our most important functions is to prepare for the next storm or potential casualty. In order to improve our lawyering it is essential that we learn the lessons from the storm. For this we turn to the Sandy-related real estate cases on commercial leasing, insurance coverage and other related issues. There are, in...
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