Happy New Year and be careful about those e-cycle fines. As of yesterday, New Yorkers cannot put electronic waste out for regular collection…and if your tenants do not dispose of it properly, you will have to. The city does offer a special e-waste pickup program for buildings with ten units or more, but you have to sign up.
The costs of environmental clean up were on Governor Cuomo’s mind when he vetoed a fifteen month extension of the brownfields tax credit law and $300 million in new bond authority on Monday. The Legislature rejected his earlier proposal for a ten year extension and $100 million, and Cuomo said he would try again for a long term reform of the program in next year’s budget.
The Appellate Term, First Department, decided in a case reported this week that a property owner had a good claim for deposit of rent totaling $52,000 in a proceeding dating to 2007, and that the tenant couldn’t raise warranty of habitability issues after admitting that she intentionally did not tell the owner about alleged issues. 72A Associates vs. Mercado.
Because Congress ended the year without extending the Terrorism Risk Insurance Act, you may want to check with your broker. The issue is supposed to be a high priority when Washington resumes session next week, but it was before. Here is a brief from one insurer that outlines the issues you might want to go over with your carrier.