ARCHIVE SEARCH RESULTS

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.

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.

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.

The Corporate Transparency Act (CTA) requires filing ownership information for U.S. businesses, including co-op boards, with various considerations and complications.

New York land-lease co-ops face challenges with decreasing apartment values, difficulty in refinancing, and potential astronomical rent hikes upon expiration.

Failing to update co-op or condo bylaws can lead to outdated protection and legal challenges. Boards must carefully follow the amendment process.

When hiring a new management company, scrutinize the contract. Key areas include on-site presence, ancillary fees, spending limits, project management, indemnity, insurance, and termination.

Local Law 97 (LL97) requires NYC buildings to reduce carbon emissions. Building Information Modeling can assist in planning energy-efficient solutions.

It’s time to make a Local Law 97 decision. The deadlines are closing in, the professionals who will help you are getting booked up, and the time frame to raise money is shortening.