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.
Interest Rates Make This Refi Prime Time
Written by Lisa Prevost on October 05, 2020
There’s a catch: lower rates come with greater scrutiny.
The Business Judgment Rule Rides to a Condo Board’s Rescue
Written by Bill Morris on September 29, 2020
Judge dismisses lawsuit against a Brooklyn condo’s $1 million facade repair.
Who Pays for Repairs? Check the Condo Bylaws
Written by Leni Morrison Cummins and Jennifer D. Miller on September 22, 2020
After a disastrous leak, it was board versus aggrieved unit-owner.
New Jersey Passes Millionaires Tax. Is New York Next?
September 18, 2020
A city pied-a-terre tax on luxury second homes is already on the table.
Court Declines to Shut Down Illegal Parties During the Pandemic
Written by Victor M. Metsch on September 10, 2020
Co-op and condo boards need to meet the letter of the law to thwart violations.
New Florida Law Cracks Down on Bogus Emotional Support Animals
Written by John W. Egan on August 26, 2020
New measure imposes penalties for abusing disability access laws in housing.
Pied-a-Terre Tax Has Risen From the Grave – Again
August 24, 2020
As unkillable as the cockroach, the proposed tax on second homes is back.
Bill Seeks to End Prepayment Penalties in Underlying Mortgages
Written by Marianne Schaefer on August 20, 2020
Opinions differ on potential benefits for housing cooperatives.
A Way for Co-op and Condo Boards to Avoid Costly Litigation
Written by Bruce Cholst and Devin W. Ness on August 13, 2020
The statute of limitations can prevent an ugly and expensive court battle.
There Has Never Been a Better Time for Co-ops to Refinance
Written by Bill Morris on July 30, 2020
Co-ops stampede to take advantage of historically low interest rates.
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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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