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.
Happy Holidays!!!
December 24, 2024
The Habitat Group wishes happy holidays to New York's co-op and condo community.
Pet-Friendly Co-ops and Condos Need a Pet Policy to Avoid Disputes
Written by Paula Chin on December 17, 2024
A poorly crafted pet policy can come back to bite co-op and condo boards.
Can Shareholders Challenge a Co-op Board's Assessment?
December 16, 2024
Co-op board powers are vast, but shareholders have rights, too.
Fair Chance Act Bans Discrimination Based on Criminal History
December 13, 2024
Co-op and condo advocates vigorously — and fruitlessly — opposed the legislation.
New J-51 Tax Break to Benefit 166,000 Co-op and Condo Owners
December 09, 2024
After dragging its feet for more than a year, the city council has revived the cherished tax break.
Court Blocks Corporate Transparency Act on Eve of Deadline
Written by Paula Chin on December 06, 2024
Co-op and condo boards are suddenly in a state of limbo.
Happy Thanksgiving
November 27, 2024
The Habitat Group wishes a happy holiday to New York's co-op and condo community.
Inheriting Shares in a Co-op? You May Need Board Approval to Move In
November 26, 2024
Many heirs who inherit co-op apartments must still jump through board hoops.
There Are Limits to a Co-op Board's Power Over Parking Spaces
November 25, 2024
The devil is in the details: Is parking governed by a license or a lease?
Are Co-op Board Members Required to Live in the Building?
November 11, 2024
The law does not require co-op directors to reside in the building or be shareholders.