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As an owner, you are required by federal and state laws to provide a reasonably safe workplace for your employees. Unfortunately, even if you provide proper equipment to your employees and implement safety policies, accidents still occur. To protect your building staff—and yourself, as an owner—you are required under New York State law to buy a workers' compensation insurance policy—even if you have only one employee.
Occasionally, you may need to enter a tenant's apartment to inspect for defects or to perform maintenance tasks. However, there may be some instances when you may need immediate access to an apartment for emergency repairs. A common dispute between owners and tenants involves the conflict between your right to enter an apartment and your tenant's right to privacy.
All owners will have to deal with a problem employee at some point, no matter how carefully they hire employees or how diligently they try to create a good work environment. For many owners, deciding whether and how to discipline or fire an employee is one of the most stressful parts of the job.
From time to time, every owner must hire an attorney to represent it in a lawsuit. With the rising costs of attorneys and experts, it is important to take steps to reduce or limit legal fees. Expensive litigation may have spillover effects on your building's value, and lengthy lawsuits may take a psychological toll on you.
Attorney's fees are not cheap. And depending on the type of case you are involved in, these fees can quickly add up. Below, we give you...
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