HABITAT

LEGAL/FINANCIAL

For board members and property managers of co-ops and condos in New York City, there are legal and financial questions regarding new and old laws, accounting rules, auditing, and so much more. Here’s what you need to know to manage your finances and speak knowledgeably with your accountant and attorney.

Decisions from years ago shaped the scope and limits of board powers.

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An Assessment Is One Way to Pay Off a Line of Credit

Written by Jeffrey P. Roude on July 09, 2018

New York City

Variable interest rates are a drawback to this popular source of funding.

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Every Board Needs a Fidelity Bond. Here’s Why

Written by Barbara Strauss on July 06, 2018

New York City

If the property manager steals, an uninsured board can get burned.

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Residents file lawsuit to keep homeless shelter out of the hood.

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Singer has no right to examine co-op’s votes or meeting minutes.

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Opponents vow to sue to block 800-foot luxury condo tower.

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With costs relentlessly rising, most boards try to keep increases small.

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Nine Queens co-ops finally own the land they sit on.

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Affordable Citylights co-op caught in a double bind.

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Developer’s offer of $54 million rejected by shareholders.

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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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