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.
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.
City Council May Require Sprinklers in Residential Buildings
December 01, 2020
Co-op and condo advocates unite in opposition to “catastrophic” proposal.
Lost Commercial Income “Trickles Down” to Co-op and Condo Residents
November 27, 2020
Boards are facing a distasteful choice: impose assessments or raise fees?
New York City's Property Taxes Are Not the Nation's Highest
November 17, 2020
Residents of San Francisco, Austin and Elizabeth, N.J., pay more.
This Case Went to the Dogs, Then to Court
Written by Dale J. Degenshein on November 06, 2020
Court muzzles a condo board's power to fine owners of unruly dogs.
Park Avenue Co-op Board Prevails in Battle of the Books
Written by Bill Morris on November 05, 2020
Disgruntled shareholder’s claim of mismanagement is ruled “speculation.”
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