New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

BOARD OPERATIONS


HOW CO-OP/CONDO BOARDS OPERATE

How do NYC co-ops and condos operate? Governed by an elected board of directors, these housing corporations are like mini-cities with their own bylaws and governing documents. Here you'll find articles on a wide range of topics that co-op and condo board directors need to understand to govern their housing corporation wisely. 

Happy Labor Day!!!

September 02, 2024

New York City

The Habitat Group wishes all of our readers a relaxing — and work-free — holiday.

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The board says disgruntled shareholders have not shown proof of wrongdoing.

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Disgruntled unit-owners can write a group letter demanding an election, then threaten legal action.

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There are three crucial questions to address before imposing fines and late fees.

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Co-op apartment sellers can challenge improperly implemented flip taxes.

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Aggrieved shareholder has limited options in a co-op without a smoke-free policy.

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Failure to provide accommodations can result in legal action and financial penalties.

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The Habitat Group wishes our readers a safe and happy Memorial Day 2024.

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The board can amend the lease to include late fees and seek possession in housing court.

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For Financial Stability, Co-op Boards Must Swiftly Address Delinquent Shareholders

Written by Carolyn Rualo, Partner, Adam Leitman Bailey, P.C. on May 16, 2024

New York City

Co-op boards must strategically approach maintenance arrears by familiarizing themselves with the proprietary lease terms, collaborating with legal counsel, and taking timely actions to uphold the financial integrity of the co-op.

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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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