New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

LEGAL/FINANCIAL


HOW LEGAL/FINANCIAL PROBLEMS ARE SOLVED BY NYC CO-OPS AND CONDOS

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.

Lawsuit claims building insurance was not sufficient to cover total loss.

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Landmark West has, so far, managed to block construction on one tower.

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Angry unit-owners seeking new board and $50 million in punitive damages.

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Co-op and Condo Property Tax Rate Dips Slightly

Written by Paula Chin on July 09, 2021

New York City

Impact on final tax bills, however, is expected to be minimal.

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Gov. Cuomo’s signature means prized tax relief will live on through June 2023.

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Low-cost loans for energy retrofits will help co-op boards cut carbon emissions.

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Two new bills carve co-ops out of law designed to protect renters.

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Instead of acting as a pass-through, condos should bill sponsors directly.

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Enclosed Balconies May Not Be Forever

Written by Andrew P. Brucker on June 07, 2021

Hillcrest, Queens

Lawsuit gives co-op and condo boards broad power to rescind permissions.

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Register here to comment at hearings in Manhattan, Queens and the Bronx.

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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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