ARCHIVE SEARCH RESULTS

New York City is requiring all residential buildings to install natural gas sensors by May 1, 2025, in order to detect leaks early, but the lack of choice on the devices and the cost of installation is causing frustration among boards. (Print: The New Gas Sensor Mandate: Another Compliance Headache)

Boards can use New York State's annual Cooperative and Condominium Tax Abatement, negotiate contractor financing, and impose a capital-contribution requirement to build reserve funds and avoid special assessments. (Print: Raising Funds: Three Ways To Think Out Of The Box)

Co-op and condo boards are turning to heat pump technology to upgrade their buildings' energy profile, saving energy costs, reducing carbon emissions, and allowing residents to better control heating and cooling in their own apartments. (Print: Three Paths To Electrification)

Building disasters can be prevented by instant notification, paying living expenses for those who vacate, and securing a mortgage forbearance, as demonstrated by the experiences of the Mona Lisa co-op in Yonkers and the Crown Heights co-op. (Print: In Case of Emergency)

Assessments are a necessary tool for boards to fund capital improvements, and can be spread over longer periods of time to make them more manageable for shareholders or unit-owners. (Print: Assessments: Dealing with the Inevitable)

Co-ops and condos should have a formal policy in place regarding pet ownership, which can include the number and types of pets allowed, as well as guidelines on acceptable behavior and enforcement of the pet policy. (Print: Animal Control)

Requiring shareholders and unit-owners to have insurance can help protect boards from liability and litigation, as well as punishing premium increases, and can be done through an amendment to the governing documents. (Print: Passing the Buck)

The Inflation Reduction Act provides financial incentives to help co-ops and condos fund electrification projects, including tax credits, direct payments, and the sale of credits to third-party investors. (Print: Tackling the Tax Credits)

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.