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.

The Habitat Group wishes you a prosperous and apolitical Presidents' Day.

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.

There are several factors that determine the legal capacity of rooftop amenity spaces.

Experts will give advice at free sessions beginning Feb. 8.

Some board candidates are driven by self interest, others by a desire to serve their community.

Unit-owners must follow the bylaws and the law when trying to remove board members.

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.

New climate report underscores need for co-ops and condos to cut carbon emissions.

Number of fires and deaths from faulty lithium-ion batteries rose again last year.

1 2 3 4 5 6 7 8 9 10 ... 265

Powered by eZ Publish™ CMS Open Source Web Content Management. Copyright © 1999-2014 eZ Systems AS (except where otherwise noted). All rights reserved.