For condo owners, common charges not only pay for the upkeep and maintenance of the building but for all of the amenities and services the building offers. Whether due to different priorities, lack of funds or forgetfulness, condo owners sometimes fail to pay common...
The smooth operation of a New York City cooperative or condominium requires the oversight of a qualified board of directors or managers. Bylaws, in large part, provide the legal authority the board members use to make decisions that guide the future of the building,...
The economy is way down in 2020 as businesses close up for good or shift to working from home. This is terrible news for all, but co-ops and condos who have commercial tenants who pay a large share of the operating expenses face substantial shortfalls of income that...
Co-op boards in New York City must be aware of the Federal, State and City laws about housing discrimination. Knowledge of these regulations can help the board avoid serious problems if a potential buyer files a discrimination claim or if an issue arises with building...
When unit owners of a condominium or shareholders of a co-op elect members to a board of managers or directors, they entrust those members with a great deal of power. From handling association finances to developing and enforcing property regulations, board members...
Can a cooperative shareholder’s family member reside in their apartment without the named shareholder living there? New York appellate courts (who review decisions from lower courts and whose opinions control future lower court decisions) have differed in answering...
A decision of the Appellate Division, 1st Department issued at the end of February 2019 may be a real game changer for cooperatives that have individuals who own units as holders of unsold shares. In a brief decision in Pastena vs. 61 West 62nd Street (Read decision...
As a renter, one of the worst things that can happen to you is receiving an eviction notice. When you get the news that your landlord is beginning the eviction process, you likely feel a sense of dread and confusion. But know that all hope is not lost. You may be able...
Developers in New York will typically jump at the opportunity to bid on government contracts. This is likely due to assumption that such agreements tend to more stable than those made with private entities. While government agencies may offer their partners a greater...
