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.
The Tortured Journey of a Queens Co-op’s Property Tax Abatement
Written by Bill Morris on June 08, 2023
Backlog in the Department of Finance is complicating tax relief.
Airbnb Files Suit Over Law Curbing Short-Term Rentals
Written by Bill Morris on June 06, 2023
Law applauded by co-ops and condos has crippled home-sharing platforms.
A $1.75 million "amenity space" was never approved by unit-owners.
Legislature Extends Co-op and Condo Property Tax Abatement to 2026
Written by Bill Morris on June 01, 2023
Gov. Hochul expected to sign bill that will keep cherished abatement alive.
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.