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.
Costs and Income Must Be in Balance
November 05, 2019
Maintenance hikes are painful and unpopular – and often unavoidable.
25 CPW Condo Lawsuit Fails to Block Central Park West Bike Lane
October 28, 2019
"Meritless" lawsuit is tossed after bicyclist died.
Plan to Re-evaluate NYC Property Tax System Proposed
October 25, 2019
With promised reforms stalled, city council seeks regular re-evaluations.
Co-op and Condo Boards Must Pay Overtime to Live-In Supers
Written by Emanuela Lupu-Ferrante and Jack Malley on October 15, 2019
U.S. Department of Labor seeks to clarify confusion on staff pay.
City Failing to Collect Millions in Property Taxes
October 04, 2019
New report blasts lax practices by the Department of Finance.
Sponsors Must Now Pay Co-op Sublet Fees
Written by Bill Morris on October 03, 2019
Court ruling suggests holders of unsold shares must now pay sublet fees.
A Co-op Consolidates – and Protects – Its Reserve Fund
Written by Bendix Anderson on September 26, 2019
Ultra Money Market account allows board to park money in one place, worry free.
Lawsuit Seeks to Keep Water-Usage Data Available
September 18, 2019
City’s move to curtail access to records riles up building owners.
Lawyers for Disabled Plaintiffs Targeting Co-ops and Condos
Written by Marianne Schaefer on September 12, 2019
Fee-hungry lawyers profiting from Americans with Disabilities Act.
Is Property Tax Reform Dead Under de Blasio?
September 11, 2019
Deputy Mayor says hopes for an imminent overhaul are “unrealistic.”