HABITAT
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.
Put That Budget Surplus to Work
Written by Avi Zanjirian on July 23, 2018
Extra money should be parked in the reserve fund for future capital projects.
One Lapsed Homeowner’s Policy Can Swamp a Building
Written by Michael Schwarz on July 17, 2018
Boards need to make sure all residents are covered all the time.
Board’s failure to charge for storage doesn’t give shareholder a free ride.
Should the City Rescind the Co-op and Condo Tax Abatement?
Written by Jessica Katz on July 16, 2018
Advocate argues that abatement favors the wealthy, hurts public housing.
Three Legal Landmarks All Co-op and Condo Boards Need to Know
Written by Stuart Saft on July 12, 2018
Decisions from years ago shaped the scope and limits of board powers.
An Assessment Is One Way to Pay Off a Line of Credit
Written by Jeffrey P. Roude on July 09, 2018
Variable interest rates are a drawback to this popular source of funding.
Every Board Needs a Fidelity Bond. Here’s Why
Written by Barbara Strauss on July 06, 2018
If the property manager steals, an uninsured board can get burned.
Not In My Billionaires’ Row!
July 05, 2018
Residents file lawsuit to keep homeless shelter out of the hood.
Judge Tells Madonna to Lay Off Her Co-op Board
July 03, 2018
Singer has no right to examine co-op’s votes or meeting minutes.
Sutton Place Tower Wins Zoning Exception
June 27, 2018
Opponents vow to sue to block 800-foot luxury condo tower.
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Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn 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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