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.
Co-op Boards Can Claim Fraud When a Buyer Lies
Written by Andrew P. Brucker on November 10, 2022
Brooklyn lawsuit shows co-ops have a powerful tool.
Problem Solved: Cleaning Up a Co-op’s Financial Mess
November 08, 2022
Co-op board, accountant and managing agent let finances slide for years.
Insurance Premium Financing Gaining Traction For Co-ops and Condos
Written by Paula Chin on November 03, 2022
Tool avoids lump-sum payment, levels out spending into “a smooth line.”
A leak from a vacant apartment highlights a fundamental shareholder right in a housing cooperative.
Here’s How Condo Boards Can Collect Arrears
Written by Andrew P. Brucker on September 29, 2022
Lacking the power to evict, condo boards must use different tools.
Condo Board Sues Neighbor Over Unpaid Access Agreement Fees
September 26, 2022
Dispute over drawn-out construction, unpaid fees winds up in court.
8 Things Co-op Boards Need to Know About Reverse Mortgages
Written by Paula Chin on September 22, 2022
These new loans can benefit older shareholders and the co-op corporation.
Wage Transparency Is Coming for Co-op and Condo Job Ads
Written by Andrew I. Bart on September 20, 2022
New law requires posting pay range, levies stiff fines for violations.
How Much Liability Insurance Can Co-op and Condo Boards Require?
September 19, 2022
The standard in setting insurance requirements is that they must be "reasonable."
In Co-op and Condo Disputes, Mediation Beats Litigation
September 15, 2022
Talking problems out in private can save time, money and headaches.