The City of New York enacted Local Law 1 of 1982 and in so doing placed the responsibility for abatement of lead paint on the owner of a multiple dwelling. Of course, the owner of a cooperative owns shares of stock and is the signatory to a proprietary lease entitling that owner to possession of a particular unit. It is the cooperative corporation that owns the multiple dwelling.
In a recent case the question presented was whether the owner of the cooperative apartment or the cooperative board was responsible for the removal of the lead-based paint. The trial court had held that the language of the proprietary lease placed the burden on the shareholder. The Appellate Division, in reversing, determined the statutory language was what controlled. It was the cooperative corporation that was responsible.
Individual shareholders should know that the abatement of lead paint is the responsibility of the cooperative and stand up for themselves when these situations present.
"My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019
"Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019
"My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019