Living in New York City means dealing with a fast pace, the proverbial New York minute. When your health is threatened or your quality of life is diminished because your apartment needs repairs and your landlord isn't responding, that proverbial minute can seem like a...
New York Real Estate Legal Blog
What you legally can (and can’t) be asked in a co-op board interview
If you're buying into a co-op in New York City, you’ll likely face a board interview. This step is standard, but it can feel personal and unpredictable. While co-op boards have broad discretion, they must still follow fair housing laws. Some questions may raise legal...
How to manage problem tenants in NYC commercial deals
When you buy commercial property in New York City, you also take on the existing tenants. This can be a big problem especially if those tenants do not pay their rent on time or damage the property. These issues can be costly. The failure to manage these tasks timely...
Are there limits imposed when increasing condo association dues?
Condominium association common charges are an important component for those who live in a condo building or community. The board of managers oversees the management of shared facilities and sets and collects the monthly common charges from all of the condo owners....
3 rules that apply to New York condo board meetings
Condominium boards often consist of volunteers who live in the community. They help oversee the management of the property and the enforcement of community rules for the benefit of everyone who owns a condo. Those volunteers often have a challenging process ahead, as...
3 potential solutions when neighbors litigate a boundary dispute
Neighbors often try to keep a polite overall demeanor to sustain relatively positive relationships with one another. After all, they have to see one another regularly, and the conduct of one neighbor can affect everyone in the neighborhood. Neighbors often maintain an...
Should you renovate before selling your home?
The U.S. remodeling market has experienced unprecedented growth, surpassing $600 billion in the post-pandemic era, and remains a remarkable 50% above pre-pandemic levels despite recent signs of slowing down. According to the Harvard Joint Center for Housing Studies'...
How to address water damage suffered by a resident?
One of New Yorkers' biggest challenges is living harmoniously in multi-unit buildings. While any issue with a neighbor can be stressful and complex, the nature of the shared walls, floors, ceilings, and common spaces means that what happens in one residence can...
3 issues that could derail a scheduled real estate closing
Residential real estate transactions typically take weeks to complete. They begin with the seller listing the property on the open market. The buyer makes an offer. Both parties negotiate the terms of a purchase agreement. From there, there may need to be inspections...
How often should condominium boards update their bylaws?
Condominium bylaws serve as the governing rules that dictate how a condo community operates. These regulations cover everything from board elections and maintenance responsibilities to pet policies and noise restrictions. However, as legal frameworks evolve and...
