New law mandates flood history disclosure in all residential leases. Boards face challenges in researching history and ensuring compliance.
Condos use fines and court orders for rule violations, while co-ops can terminate leases and evict shareholders for violations.
When reviewing a management contract, define the scope of tasks clearly, set limits on financial autonomy, examine termination terms, and document performance issues for renegotiation.
Housing cooperative ownership has variations like tenants in common, joint tenants, or tenants by the entirety, impacting rights of survivorship.
Boards tackling smoke complaints need evidence and legal fee provisions. Success depends on witnesses and bylaw support for potential court battles.
A condo board faced legal trouble for installing cellphone towers without notifying unit-owners. Boards should notify owners, even if legally allowed.
Structural engineers tackled leaks in a Queens co-op. High salinity water threatened the basement, but thermography pinpointed ingress points for targeted repairs.
Differentiating between roommates and unauthorized sublets is crucial. Clear rules and vigilance help boards enforce policies, collect fees, and maintain control.
Co-ops can recover legal fees when suing defaulting shareholders; in condos, this is uncommon. Board insurance covers defense in lawsuits.