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.
The Pied-a-Terre Tax on Pricey Second Homes Is Back on the Table
Written by Paula Chin on February 23, 2021
To the dismay of co-op and condo boards, the tax looks likely to pass.
Case Notes: The High Cost of Defamation at a Bronx Condo
Written by Andrew P. Brucker on February 12, 2021
This case shows that words are weapons, and they should be used with care.
Zoom Workshop to Answer Questions about Paycheck Protection Loans
February 08, 2021
Free session is designed to help co-op boards apply for forgivable loans.
Sen. Schumer and Rep. Suozzi Push to Eliminate SALT Deduction Cap
February 01, 2021
A "body blow" tax deduction cap would be eliminated by two new bills in Congress.
What Happens in the Boardroom Should Stay in the Boardroom
Written by Andrew P. Brucker on January 29, 2021
Breach of confidentiality leads to bad blood and soaring legal bills.
Paycheck Protections Loans Will Begin to Flow on Jan. 11
January 08, 2021
For the first time, co-ops will be eligible for the forgivable federal loans.
Co-op Board Learns That Emails Can Bite Back
Written by Victor M. Metsch on January 07, 2021
Bitter dispute between neighbors lands in court, delivers a lesson.
When Neighbors Tangle, Co-op Boards Can't Look Away
Written by Andrew P. Brucker on December 08, 2020
Lawsuit shows that co-op boards need to intervene in neighborly disputes.
State Law Nullifies Co-op Board’s Rule to Regulate Overnight Guests
December 07, 2020
Boards cannot require shareholders to get authorization for guests.
The Long Arm of the Business Judgment Rule at a Queens Condo
Written by Victor M. Metsch on December 03, 2020
Lawsuit shows that board powers are sizable – and long-lived.
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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.
Habitat Essentials
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.
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