NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Shareholders Wrest Power From an Entrenched Harlem Co-op Board
Written by Andrew P. Brucker on October 22, 2021
Shareholders followed the bylaws to oust an entrenched, self-dealing board.
Co-op and Condo Flood Insurance Premiums Could Jump by 10% or More
Written by Justin Kraus on October 14, 2021
New system is designed to bring federally backed premiums in line with risk.
Advocates Urge Governor to Sign Bill Carving Co-ops Out of Tenant Act
September 28, 2021
Co-op advocates keep flexing their newfound political muscle.
Condo Board Sues 432 Park Ave. Sponsors for $125 Million Over Defects
September 27, 2021
Construction defects include noise, explosions, floods and faulty elevators.
There Are Limits on Employee Vaccination Mandates
Written by Andrew I. Bart on September 21, 2021
Union agreement allows co-op and condo boards to use a carrot, not a stick.
Court Says Frivolous Lawsuits Qualify as “Objectionable Conduct”
Written by Ira Brad Matetsky on September 09, 2021
Board succeeds in terminating the lease of a litigious shareholder.
Condo Boards Can Get Burned by Inadequate Bylaws
Written by Andrew P. Brucker on August 27, 2021
A fire in a downtown condo's commercial unit lit up a legal brawl.
Condos to Replace Affordable Housing by Brooklyn Botanic Garden
August 23, 2021
Developer calls controversial project's foes "limousine liberal elitists."
Co-op Boards Getting Ready for the Reopening of Housing Court
Written by Mark N. Axinn on August 19, 2021
There are ways to collect arrears without going to an overburdened court.
Co-op Board Is Rescued by the Trusty Business Judgment Rule
Written by Andrew P. Brucker on August 13, 2021
Courts rule in favor of co-op board in dispute over a $1 million repair.