New York's Cooperative and Condominium Community

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.

Co-op and condo boards need to avoid discriminating when hiring.

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How to Keep a Condo Association Tax-Free

Written by Michael Esposito on July 12, 2019

New York City

Budget surpluses can be taxed, so condo boards should avoid them.

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Co-op and Condo Tax Abatements Could Be Tied to Staff Pay

Written by Bendix Anderson on July 11, 2019

New York City

Bill before governor could sting buildings with non-union workers.

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Boards can reject heirs who are deemed financially unfit.

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Cuomo extends Loft Law, a boon to artists and a bane to landlords.

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Common charges must be reviewed – and balanced – regularly.

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Boards are at risk if an uninsured worker or a volunteer is injured.

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Who Gets to Go Up on the Roof?

Written by Dale J. Degenshein on July 01, 2019

Upper East Side, Manhattan

Co-op board and shareholder at odds over roof access.

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Neighbor vs. Neighbor at the Newswalk Condominium

Written by Victor M. Metsch on May 30, 2019

Prospect Heights, Brooklyn

Lawsuit over access to an apartment is an upstairs-downstairs drama.

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The last two keys to prepare co-op and condo boards for the annual meeting.

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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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