How do NYC co-ops and condos operate? Governed by an elected board of directors, these housing corporations are like mini-cities with their own bylaws and governing documents. Here you'll find articles on a wide range of topics that co-op and condo board directors need to understand to govern their housing corporation wisely.
Corporate Transparency Act Deadline Looms for Co-ops and Condos
October 07, 2024
"Beneficial owners" must be reported to the federal government by Dec. 31, 2024.
New York City's Composting Mandate Goes Into Effect on Oct. 6
Written by Emily Myers on October 02, 2024
New York City's composting mandate goes into effect on October 6, requiring buildings to separate food scraps and yard waste from their regular trash, with fines ranging from $25 to $300 for failing to comply.
Hard Market Causing Delays in Co-op and Condo Insurance Renewals
Written by Samantha Tucci on September 30, 2024
Non-renewals are driven by claim history, building violations and non-compliance with risk minimization.
Can a Co-op Board Deny a Transfer of a Unit to Three Children?
September 17, 2024
The co-op board must approve all transfers, and there are no guarantees.
Happy Labor Day!!!
September 02, 2024
The Habitat Group wishes all of our readers a relaxing — and work-free — holiday.
The board says disgruntled shareholders have not shown proof of wrongdoing.
Disgruntled unit-owners can write a group letter demanding an election, then threaten legal action.
There are three crucial questions to address before imposing fines and late fees.
Is Your Co-op's Flip Tax Legal?
June 24, 2024
Co-op apartment sellers can challenge improperly implemented flip taxes.
Aggrieved shareholder has limited options in a co-op without a smoke-free policy.