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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.

The Winners and Losers on the Property Tax Seesaw

Written by Lisa Prevost on May 25, 2018

New York City

The faster property values rise, the lower the relative property taxes.

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Lawsuit seeks court help in making city’s property taxes equitable.

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Co-op and condo boards can be held liable in personal-injury lawsuits.

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Condo board prevails in dispute over what’s allowed in common areas.

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Mayor signs bills to bolster protections against workplace harassment.

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By buying the land it sits on, co-op secures its future.

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Boards challenge the city’s Human Rights Law at their peril.

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Judge rules board is free to remove Trump name from facade.

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DOB drops permit requirement, to the relief of co-ops and condos citywide.

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Co-ops, condos, and rentals lead the pack of property tax deadbeats.

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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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