The Meter is Running
The Habitat Article Archive includes the full text of all of our
magazine articles dating back to 2002. You can view 3 articles per
month for free. (Repeat views of the same article don’t count
against your monthly limit.)
To read more, purchase a print subscription or a daily or yearly All-Access Pass
and get unlimited access to the Archive. Prices start at 1.95.
You've reached your free article limit for this month.
To read this article and gain unlimited access to the Habitat Article
Archive, which includes the full text of all our magazine articles
dating back to 2002, purchase an All-Access Pass.
41 legal experts on game-changing laws, rules, and cases.
AUTHORMichael Manzi, Partner, Smith, Gambrell & Russell
PAGE #p. 47
GOL SEC. 5-321
This statute voids any provision in a lease or an agreement related to a lease, such as an alteration agreement, which exempts the landlord from liability for its negligence.
"A tenant-shareholder is renovating her apartment. She has followed the rules: she applied to the board, which approved the renovation, and she signed the co-op’s standard alteration agreement. Everything is going smoothly. Then, one of her contractor’s workers is injured on the job. He sues the co-op. The board states that the tenant-shareholder, under the alteration agreement, must indemnify the board and the managing agent against the worker’s claims. They are wrong. Co-op boards need to make sure that their alteration and other agreements don’t contain such a landmine."
To read the full lecture, visit: http://bit.ly/M-Manzi