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.
Illegal Sublet Fines: 139 Down, 24,000 To Go
May 10, 2017
Crackdown under “anti-Airbnb” law barely scratches the surface.
Don’t Forget Cyber Security
Written by Kathryn Farrell on May 08, 2017
Inexpensive coverage can protect boards against an information breach.
Connaught Tower not liable for secondhand smoke in shareholder’s apartment.
Condo Tax Abatements: a New Burden for Property Managers
Written by Frank Lovece on May 05, 2017
Managers must now establish that condos are owner-occupied.
Three Sure Signs That Your Sponsor Is a Crook
May 05, 2017
Red flags all board members need to recognize – and act on.
State regulators cracking down on title insurers’ “unscrupulous” fees.
Fine-Happy Co-op Board Is Back in Court
May 01, 2017
Shareholders, fined for feeding squirrels, sue co-op board.
City to Crack Down Even Harder on Illegal Sublets
April 28, 2017
Mayor wants $2.9 million more to enforce “anti-Airbnb” laws.
Court Lets Sponsor Off the Hook for Condo Defects
April 27, 2017
Sponsor not responsible for $2 million in construction flaws.
Lawsuit Seeks to Fix City’s Broken Tax Assessment System
April 26, 2017
After years of inaction by pols, group wants courts to force reform.
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