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.
Queens Co-ops' Lawsuit to Block Local Law 97 Is Dismissed
Written by Bill Morris on November 03, 2023
State Supreme Court tosses lawsuit claiming climate law is unconstitutional.
How to Handle New Construction Defects
Written by Steven Sladkus, Partner, Schwartz Sladkus Reich Greenberg Atlas on November 02, 2023
Defect claims occur in about 90% of new construction condos in New York City, and approximately 30% to 40% of these end up in litigation.
Flood Risk Disclosure Law: Challenges and Compliance Issues
Written by Lewis Montana, Partner, Levine Montana on October 26, 2023
A new state law requires landlords, including co-op boards, to provide tenants with comprehensive information about their building's flood risk by fully disclosing the property’s flood history.
Who's Responsible for My Repairs?
Written by Leni Morrison Cummins, Partner at Cozen O'Connor on October 19, 2023
Disputes about alterations and repairs usually boil down to who is responsible for the costs.
Recovering Legal Fees: Who Pays when a Lawsuit Arises?
Written by Slava Hazin, partner, Warshaw Burstein on October 12, 2023
When a co-op & condo board initiates a lawsuit or is sued, the issue of who is going to pay the legal fees is always asked.
The Property Management Contract
Written by Avram Turkel, Partner, Ballon Stoll on October 05, 2023
Retaining a new management company is not unlike getting married, but instead of romance, there's a management contract.
Co-op Board Hit With $3.5 Million Lawsuit Over Brown Water
September 19, 2023
Billionaire shareholder claims
Comptroller Report Says Pandemic Worsened Property Tax Disparities
September 08, 2023
Working- and middle-class co-ops and condos hit hardest.
Citywide Crackdown on Illegal Short-Term Rentals Begins Today
September 05, 2023
Under Local Law 18, thousands of apartment are off-limits to short-term rentals.
Retailer Sues Condo Board for $10 Million Over Lost Rent
August 30, 2023
Failure to approve a new ventilation system lands a cond-op board in court.