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I actually posted something on Habitat's Blog about this subject the other day. We are paying a retainer (about $18K annually) and we get our money's worth; however we are a much larger building than yours (400+ units) and probably encounter more legal questions than a smaller building. Keep in mind that the retainer generally covers only routine legal questions and advice - if you initiate or are defending an actual case, the meter starts running.
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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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Same response, same $$ retainer.
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