HABITAT
NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Appellate Court Reverses Itself, Blocks Corporate Transparency Act
December 27, 2024
Court reverses earlier decision that cleared way for enforcement of money-laundering law.
Co-op Board's Sharp Flip Tax Increase Raises Legal Questions
December 20, 2024
A co-op board's power to raise a flip tax is dictated by the governing documents.
J-51 Replacement Offers Help to Co-ops and Condos Needing Upgrades, But Many Miss Out
Written by Emily Myers on December 11, 2024
City Council passes new legislation allowing co-ops and condos to apply for tax breaks for major building renovations.
Red Hook Condo Board Seeks $60 Million for Shoddy Work
December 03, 2024
Lawsuits against condo developers for building defects are growing more complex.
Creative Ways For Co-op and Condo Boards to Balance Their Budgets
Written by Frank Lovece on November 18, 2024
It's not always necessary to raise monthly maintenance and levy assessments.
New York City Considers Paid Time Off for Pet Care
Written by Andrew I. Bart on November 08, 2024
Proposed amendment to the Earned Safe and Sick Time Act aims to support mental health.
$6.5 Million in Tax Breaks Went to Ineligible Co-op and Condo Owners
October 28, 2024
City comptroller's audit reveals widespread errors in cherished tax abatement program.
City's opposition to a lawsuit underscores difficulty of reforming property taxes.
Excess Liability Policy an Alternative to Elusive Umbrella Policies
Written by Eric Eggert on October 21, 2024
Umbrella insurance policies are increasingly difficult to obtain. But there's hope.
Land-Lease Co-ops Gain Right to Renew Leases Before Expiration
October 04, 2024
New law restores ability to take out 30-year mortgages, preserving apartment values.
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