New York based property management firm, All Area Realty Services blog. Find tips for Co-Op Boards & Residential Building Management.

Who Is Responsible For A Leak?

Posted by All Area Realty Services Team on Jul 17, 2019, 2:24:17 PM

Who is responsible when a leak occurs in your bathroom that a previous owner remodeled? Who would be responsible for mold, if there is any?

To figure out who would be responsible, you need to look at the source of the damage to the bathroom. Start by testing where the water is coming from. If it is coming from the part of the wall, which is attached to a common area, then the co-op board should pay for the investigation or allow the owner to test where the water is coming from at his or her expense. It depends on where the leak is and whose wall it seems to be coming from.

iStock-921346082Once the inspection occurs, if it is found that the ultimate source of the water is coming from a common area of the building, then the board should pay to fix the problem and should reimburse the shareholder for the testing and the damage including any mold. If the water leak is coming from the shareholder’s wall, then the owner should pay.

If you serve on a co-op board and need professional property management services, contact All Area Realty Services and find out why our over 30 years experience and loyal clients makes us experts.

All Area Realty Services is New York City’s leading real estate management company specializing in full-service property management for cooperative and condominium boards in the Manhattan area. 

 

Topics: Co-Op Board, Renovations