The Corporate Transparency Act (CTA) requires filing ownership information for U.S. businesses, including co-op boards, with various considerations and complications.
The Corporate Transparency Act (CTA) requires filing ownership information for U.S. businesses, including co-op boards, with various considerations and complications.
Freeze-thaw cycles take a heavy toll on building facades. Replacing — not just repairing — damaged stonework is a major undertaking, but worth it over the long term.
Annual meeting challenges resolved creatively. New leaders elected. Smooth transition; shareholders optimistic despite ongoing issues. Comfort in familiar routines.
Despite longstanding regulations, enforcement on laundry room upgrades in a Mitchell-Lama co-op faced delays exacerbated by COVID and supply chain issues.
Terminating a super, whether union or non-union, presents challenges requiring careful documentation, adherence to legal procedures, and clear communication with shareholders or unit-owners to ensure a smooth transition and minimize potential backlash.
Searching for energy savings can lead buildings down many paths. In this special section, we’re reporting on the different journeys three condos and one co-op took. While their outcomes are different, they all faced the same choices about cost, benefit and whether the return on investment made sense.
New Jersey implements legislation mandating structural inspections and reserve funds for co-ops and condos, potentially influencing New York's future regulations.
When updating house rules, focus on clarity, communication, and enforcement to ensure residents understand and comply effectively.
Judy DeVito, former Brulene co-op president, serves as an adviser. Reflects on tenure, community, finance, and passing the torch.
Keep track of the history of apartment alterations. It will help assign responsibility for repairs after a one-time casualty leak.
The rising costs of construction liability insurance pose a significant challenge for co-ops and condos, potentially making it unaffordable for many buildings in the near future due to factors such as the Scaffold Law and fraudulent claims, leading to increased expenses for building repairs and maintenance.