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.
When a Transfer of Shares Is Not a Transfer of Shares
Written by Andrew P. Brucker on October 27, 2020
Co-op boards need to protect their right to approve transfers and collect flip taxes.
Low Interest Rates Come With New Snags for Refi Shoppers
Written by Lisa Prevost on October 26, 2020
Want to refinance your co-op's mortgage? Get your ducks in a row.
An Emotional Support Animal – a Boxer – Lands Condo Board in Court
October 16, 2020
HUD claims Long Island condo discriminated against disabled resident.
Costs Join Legal Liability as Barrier to Reopening Gyms
October 13, 2020
Some co-op and condo boards are balking at paying required expenses.
Brooklyn Waterfront Condos Sue Over Raucous Block Parties
October 12, 2020
Three condo boards seek $2 million for city’s failure to maintain parks.
Access to a Neighboring Building Is Not Guaranteed
Written by Victor M. Metsch on October 08, 2020
Though the courts usually grant board requests, some are denied.
Interest Rates Make This Refi Prime Time
Written by Lisa Prevost on October 05, 2020
There’s a catch: lower rates come with greater scrutiny.
The Business Judgment Rule Rides to a Condo Board’s Rescue
Written by Bill Morris on September 29, 2020
Judge dismisses lawsuit against a Brooklyn condo’s $1 million facade repair.
Who Pays for Repairs? Check the Condo Bylaws
Written by Leni Morrison Cummins and Jennifer D. Miller on September 22, 2020
After a disastrous leak, it was board versus aggrieved unit-owner.
New Jersey Passes Millionaires Tax. Is New York Next?
September 18, 2020
A city pied-a-terre tax on luxury second homes is already on the table.