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In 1920, New York adopted the Emergency Rent Laws, which effectively charged the courts of New York State with their administration. [ 19 ] [ 20 ] [ 21 ] The rent laws were the result of a series of widespread rent strikes in New York City from 1918 to 1920 that had been sparked by a World War 1 housing shortage, and the subsequent land ...
The HSTPA also instituted a number of new protections for residents of mobile homes. [13] Furthermore, the law permits other New York municipalities to institute their own rent regulations. [10] In addition, the HSTPA – unlike its predecessors, which had to be renewed – is permanent. [13] [14]
Landlords might require tenants to carry a policy that includes a specific amount of liability insurance, while leaving the amount of personal property coverage to the tenant.
Reduces liability risk for landlords: Renters insurance includes liability coverage that protects the tenant if someone is injured in the rental unit. This reduces the likelihood of the landlord ...
Many large and medium-sized rental properties include a requirement in their lease that tenants hold renters' insurance. [2] If the tenant damages the premises, [3] the landlord and other tenants can recover against the perpetrator's insurance. It is important to know what type of damage your insurance covers. Essentially, there are three types ...
You may see New York’s required liability insurance coverage expressed as 25/50/10, which is shorthand for $25,000 of bodily injury liability per person, $50,000 of bodily injury liability per ...
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