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.
Who’s on Fannie Mae’s Blacklist, and Why Should You Care?
Written by Bill Morris on May 31, 2023
Over 1,700 co-ops, condos and HOAs are on nationwide blacklist.
Shareholder claims she was not granted accommodations for disabilities.
Board is able to prove that its decision was based on economics — not racial prejudice.
These Co-op and Condo Boards Used Imagination to Avoid Litigation
Written by Bill Morris on May 04, 2023
High legal fees are avoidable if boards are willing to be flexible.
Collecting Arrears Just Got Easier
Written by Andrew I. Bart, Esq. on April 13, 2023
A recent ruling gives co-op and condo boards a new tool.
Collecting Arrears Just Got Easier
Written by Andrew I. Bart, Esq. on April 13, 2023
A recent ruling gives co-op and condo boards a new tool.
The Department of Buildings has failed to collect $627 million over the past six years.
Courts affirm a co-op board's immense power under the Business Judgment Rule.
Insuring Wooden-Frame Co-ops and Condos Is More Expensive Than Ever
Written by Bill Morris on March 23, 2023
Hard insurance market brings a hard reality to buildings seen as high risks.
All Co-op Proprietary Leases Have an Expiration Date. When Is Yours?
Written by Bill Morris on March 16, 2023
Co-op boards risk “suicide” if they allow their lease to expire.