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.

A co-op tax increase was scuttled; so was a workaround for carbon emission caps.

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Co-op and condo residents push back against shelters in posh hoods.

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Boards are not required to intervene in discrimination fights between neighbors.

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Westchester County bill would also set time limits on weighing applications.

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Federal rate hikes for pricey waterfront homes are now on hold.

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Something called Transitional Assessed Value is the culprit.

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Report shows that assessed values are skewed in favor of white homeowners.

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Condo unit-owners should be reasonable when access is requested.

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To the dismay of co-op and condo boards, the tax looks likely to pass.

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Case Notes: The High Cost of Defamation at a Bronx Condo

Written by Andrew P. Brucker on February 12, 2021

Riverdale, The Bronx

This case shows that words are weapons, and they should be used with care.

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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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