Roof Excess


Hi there,
I own a townhouse in Harlem, and my tenant want exclusive rights to the roof. He wants to build there a deck roughly 675 SF.
I do not know how much this exclusive right to the roof worth?
Is there any formula based on square footage to evaluate how much additional rent I need to charge.
Your thought are appreciated..

Categories: Real Estate
By zevel | 04/08/2008 11:18 AM | Comment

Roof Deck


Hi there,
I own a 3 family townhouse in Manhattan.
My tenant wants exclusive rights to the roof since he occupies the top floor. We have a bulkhead in the roof so the excess is very convenient. He suggests to use swift deck (www.swiftdeck.com)product to cover the roof. I have several questions:
1-Does he need to apply for permit. The roof is described in the certificate of occupancy as a recreational area.
2-What kind of assurance do I have that I will not be sued if an accident happens.
Even if I sign him that he will be held responsible for everything that happens. What assurance do I have for example if one of his friend fell of the roof. How can I be protected against 3rd side lawsuits.

Your thoughts and knowledge is appreciated

Thanks,

Categories: Decks
By zevel | 03/27/2008 3:55 PM | Comment