New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



How to Deal with the Developer Next Door

I helped a co-op building in one matter and a townhouse owner in another negotiate favorable access agreements with neighboring developers and was able to secure reimbursement for the professional services needed to review the relevant documents and drawings. In each of these cases, it was important for me to pull together the right team of people to assist the client. This included a structural engineer, a surveyor, and others. We then
were able to negotiate the terms of an access agreement, which provided for a condition survey, a review
of plans, insurance, vibration monitoring, and compensation
for damages. Determining your property line between the two buildings can sometimes be crucial, but you cannot assume you know
the property line just by looking
at the property itself.


My advice to a board is to plan for dealing with a neighboring developer and not be afraid to make some waves. The developers are as scared of the co-op as the co-op is of them, since time spent in court is money. Developers with bank loans do not like litigation. The negotiations must be handled by a lawyer with experience in this area who can pull together the necessary team of professionals and litigate, if need be.

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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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