HABITAT
Insurance Headaches Arise When Proprietary Lease Is Worded Certain Way
Written by Melanie Keenan, Secretary, 215 West 105th Street on December 20, 2012
The downturn in the economy could be leading to a rise in legal disputes between co-op and condo owners — even over the payment of relatively low insurance deductibles caused by leaks, fire, shabby construction and other kinds of damages to a neighbor's apartment — especially when neither tenant is directly negligible or in violation of the house rules.
I'm close to this story, because it happened to me. I've lived in my co-op for some time, and have dutifully served on the board.
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