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.
A Line of Credit Is a Safety Net. Use Sparingly.
Written by Bill Morris on October 02, 2018
Boards that dip into this rainy-day fund need to have a plan for repaying.
Tribeca Condo Board Blocks Seller of Cellar Unit
Written by Victor M. Metsch on September 27, 2018
Business Judgement Rule shields board from frustrated seller’s lawsuit.
Lawsuit Against City Property Taxes Gets Green Light
September 27, 2018
Tax Equity Now New York elated by judge’s ruling.
5 Things to Do Before Signing an Alteration Agreement
Written by Bill Morris on September 20, 2018
Boards protect themselves, and apartment owners should, too.
Luxury Soho Condo’s Long Nightmare Is Over
September 17, 2018
Celebrity photog moves out after years of bitter litigation.
New Study Highlights Inequity of City Property Taxes
September 14, 2018
The rich get richer and the poor get...to subsidize the rich.
Property Tax Reform Commission Has Swung Into Action
September 07, 2018
First step taken in reforming to an unloved, decades-old system.
Costs of Prosecuting Claims Against Sponsor Can Skyrocket
Written by Victor M. Metsch on September 06, 2018
Assessment and common charge increase to cover legal costs can be challenged.
Kushner Companies Owe $500,000 in Unpaid Fines
September 06, 2018
Scofflaws owe the city $1.5 billion for building and sanitation violations.
Here's a New One: a Monthly Fee During Renovation Work
September 05, 2018
Co-op board charges $1,000 a month until work is complete.
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