ARCHIVE SEARCH RESULTS

Section 881 allows exterior work access agreements between neighbors. Negotiate fair fees, or risk costly legal battles. Early preparation is key.

Boards gain control over commercial spaces in converted buildings by terminating master leases, optimizing revenue and renegotiating terms for benefits.

Boards' decisions, protected by the business judgment rule, face challenges. Local Law 97 compliance decisions, if reasonable, may be protected.

Boards handling construction defects in condos should act within six years of first closing, considering litigation, settlements, and cost-benefit analysis.

Condo board faced unit-owner opposition to a project exceeding spending limits. Court sided with the board, citing repair necessity.

Co-ops require alteration agreements for apartment changes, but future owners may not be aware. Assumption agreements at closings ensure responsibility clarity.

Discovery in litigation involves gathering evidence, including documents, emails, and witness information. Boards play a crucial role in providing information.

Boards face challenges with shareholder alterations, especially for major changes. Consistency in approvals and clear communication help prevent legal issues.

Co-op governance challenges include communication on revealing financials, offering plans, and board minutes. Transparency is crucial, balancing openness with privacy.

Neighbor disputes, often noise-related, can be resolved through mediation, preventing lengthy and costly litigation. Quick, private agreements benefit all parties.

Building management systems (BMS) monitor equipment, alerting supers for corrections. Energy management platforms make real-time, remote adjustments, optimizing energy use 24/7. Any building can benefit.

Unique land co-ops in NYC involve shareholders owning house structures and co-ops owning land. Boards govern with shared responsibilities, navigating alterations and governance challenges.

Eviction in co-ops involves nonpayment or objectionable behavior. Monetary issues with a recognition agreement are straightforward, but behavior cases are contentious.