TRUMP BUSINESS: “After NBC News contacted The Trump Organization on Tuesday [3-21-17] to let the firm know it was in violation of New York City law for not registering Trump Tower, the company has completed the necessary paperwork and registered the property.
The Trump Organization, the umbrella corporation for Donald Trump’s holdings, owns the skyscraper at 725 Fifth Avenue in Manhattan and is headquartered there. Donald and Melania Trump have a penthouse in the tower and Trump’s sons also maintain offices in the building.
Property owners of certain residential buildings are required by city law to register with the New York City Department of Housing Preservation & Development every year, but Trump Tower’s registration expired in 2016 and The Trump Organization never renewed it. Failing to register can result in a fine of up to $500, and revokes some of the rights usually enjoyed by property owners…
‘This was an inadvertent clerical error that has since been remedied,’ a spokesperson for the Trump Organization told NBC News.”
-Ana R. Schecter, “Trump Organization Rushes To Register Trump Tower After NBC News Call,” NBC News, March 21, 2017