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.
Written by Massimo D'Angelo, Partner, Blank Rome on February 22, 2024
A Yellowstone injunctionis the most potent weapon in a tenant's arsenal when faced with landlord-tenant summary eviction proceedings.
Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024
Finding a Mitchell-Lama apartment is very competitive and requires a good degree of patience.
Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024
Mitchell-Lama apartments present an affordable housing option for New York City residents.
Written by Andrew Freedland, Partner, Herrick Feinstein on February 08, 2024
Co-op boards with commercial spaces have long relied on income from their leases to business entities as a source of revenue to fund their building operations.
Written by Bruce Cholst, Partner, Herrick Feinstein on January 25, 2024
Boards relying on the business judgment rule for legal protection must meet four criteria, but also consider community sentiment to avoid backlash.
Written by Allen H. Brill on January 18, 2024
Shareholder renovations can often be a headache for boards, particularly in older properties.
Written by Moshe Bobker, Partner, Tane Waterman & Wurtzel on January 11, 2024
When shareholders violate the terms of a proprietary lease by not making the apartment their primary residence, boards are within their rights to evict them.
Written by Laura Endres, Partner, Taylor, Eldridge & Endres on January 04, 2024
Cooperative apartment ownership in New York is a unique arrangement.
Written by Mark Axinn, Partner, Phillips Nizer on December 28, 2023
Dealing with arrears is a common concern for co-op and condo boards.
Written by Ingrid Manevitz, Partner, Seyfarth Shaw on December 21, 2023
Marijuana smoke in New York City is presenting challenges for co-op and condo buildings.