PCDA Amended and Flood Disclosure in Co-op Leases
The amended Property Condition Disclosure Act deleted the $500 seller credit and added 7 questions to the PCDS about flooding., effective March 20, 2024. The original PCDA was enacted in 2002. Its terms will be described in detail. Downstate and Upstate practice will be noted. The common law of caveat emptor and cases will be discussed. Many questions remain about how the amended PCDA will be interpreted and enforced.
New RPL 231-b requires disclosure in residential leases whether any of the leased premises are located in a floodplain and any history of flood damage, effective June 21.2023. Each lease must provide a standard notice about flooding. This creates a practical compliance issue for co-ops.
Start Date:
- March 15, 2024
Start Time:
- 1:00 PM
End Time:
- 2:00 PM
Areas Of Professional Practice Credit(s):
- 1.0
Total Credit(s):
- 1.0
Region:
- Virtual Participation
- William D. McCracken, Moritt Hock & Hamroff LLP
- Karl B. Holtzschue, Former Chair, Real Property Law Section
Format:
- Webinar
Product Code:
- 0NV41
Section Member Price:
$40.00
NYSBA Member Price:
$50.00
Join (or renew) for special member pricing
Non-Member Price:
$100.00
Sponsoring Committee Group
- Real Property Law Section
- Committee on Continuing Legal Education
