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Perspectives

Update on New Legislation and Regulations for Property Owners

All property owners, including cooperatives and condominiums, need to consistently monitor for new legislation and regulations that may affect them. Recently promulgated New York City Department of Buildings regulations require that by January 1, 2020, elevators must be rehabilitated or retrofitted to ensure that the elevator will not move if the doors are not properly closed and that the doors will not open unless the elevator is present.  In addition, by 2026 all elevators will be subject to new emergency-brake standards.  Depending on the age and condition of a building’s elevators, owners should determine whether it is more economical to retrofit existing elevators to meet the new requirements or to install new elevators.

Another new regulation provides that parking garages, whether above or below grade, will be subject to a new five-year cycle of inspections by qualified engineers. Separately, the gas-line inspections program, previously discussed in the November 2018 issue of this Client Advisory, is also being implemented city-wide.  Owners should consult with their managing agents, engineers, and/or legal counsel, as appropriate, to ensure that they are in compliance with the new regulations.