The board at 6300 Riverdale Avenue in the Bronx successfully updated the proprietary lease to include amendments that require shareholders to carry apartment insurance, define what "sublease" means, and establish the right of the co-op to levy fines. (print: Beyond Boilerplate)
HABITAT
Showing articles 1 to 10 of 65 results
returned by “Proprietary Lease”
Back to Archive
-
ArticleTopicsColumn TypeIssue
-
Modernizing the Proprietary Lease: A Challenging Task for Co-op Boards
-
Keep an Eye on That Expiration Date
If it’s less than 30 years away, it’s time to extend it.
-
Distribute Proprietary Lease Changes
Residents need to know when boards make changes to the proprietary lease.
-
Co-op Late Fees Carved out of Tenant Protection Act
Make sure your proprietary lease provides for any fees you want to charge.
-
Don’t Lose Your Proof of Ownership
You will need your stock certificate and proprietary lease for many things, including getting financing.
-
A Lesson in Reasonableness
If the word is in the proprietary lease, boards must proceed with caution.
-
Proprietary Lease Updates
Is it a problem for a co-op to be operating with their original governing documents?
-
When Chuck Went Amok
A board member staunchly defends rights, but not when the shoe is on the other foot.
-
Non-Waiver Provision
The co-op board at 1025 Fifth Avenue was right to enforce the rules.
-
Beware This Wrinkle in the Proprietary Lease
The fine print can complicate an eviction.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
