New York's Cooperative and Condominium Community

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LEGAL/FINANCIAL


HOW LEGAL/FINANCIAL PROBLEMS ARE SOLVED BY NYC CO-OPS AND CONDOS

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.

Affordability is the goal for condo unit-owners in Battery Park City.

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Shareholders claim board is running a "racket" in their posh Museum Mile co-op.

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Commercial Tenant Defaults and Yellowstone Injunctions

Written by Massimo D'Angelo, Partner, Blank Rome on February 22, 2024

New York City

A Yellowstone injunctionis the most potent weapon in a tenant's arsenal when faced with landlord-tenant summary eviction proceedings.

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Succession and Governance in Mitchell-Lama Co-ops

Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024

New York City

Finding a Mitchell-Lama apartment is very competitive and requires a good degree of patience.

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Succession and Governance in Mitchell-Lama Co-ops

Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024

New York City

Mitchell-Lama apartments present an affordable housing option for New York City residents.

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Budgeting Challenges for Co-ops With Commercial Spaces

Written by Andrew Freedland, Partner, Herrick Feinstein on February 08, 2024

New York City

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.

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Business Judgment Rule: Lessons for Co-op and Condo Boards

Written by Bruce Cholst, Partner, Herrick Feinstein on January 25, 2024

New York City

Boards relying on the business judgment rule for legal protection must meet four criteria, but also consider community sentiment to avoid backlash.

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Renovation Responsibilities for Co-op and Condo Boards

Written by Allen H. Brill on January 18, 2024

New York City

Shareholder renovations can often be a headache for boards, particularly in older properties.

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Navigating Primary Residence Disputes

Written by Moshe Bobker, Partner, Tane Waterman & Wurtzel on January 11, 2024

New York City

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.

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Navigating the Co-op Admission Process

Written by Laura Endres, Partner, Taylor, Eldridge & Endres on January 04, 2024

New York City

Cooperative apartment ownership in New York is a unique arrangement.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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