New York's Cooperative and Condominium Community

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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.

Co-op and Condo Boards Must Pay Overtime to Live-In Supers

Written by Emanuela Lupu-Ferrante and Jack Malley on October 15, 2019

New York City

U.S. Department of Labor seeks to clarify confusion on staff pay.

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New report blasts lax practices by the Department of Finance.

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Sponsors Must Now Pay Co-op Sublet Fees

Written by Bill Morris on October 03, 2019

Upper West Side, Manhattan

Court ruling suggests holders of unsold shares must now pay sublet fees.

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A Co-op Consolidates – and Protects – Its Reserve Fund

Written by Bendix Anderson on September 26, 2019

Jackson Heights, Queens

Ultra Money Market account allows board to park money in one place, worry free.

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City’s move to curtail access to records riles up building owners.

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Lawyers for Disabled Plaintiffs Targeting Co-ops and Condos

Written by Marianne Schaefer on September 12, 2019

SoHo, Manhattan

Fee-hungry lawyers profiting from Americans with Disabilities Act.

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Deputy Mayor says hopes for an imminent overhaul are “unrealistic.”

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A board took baby steps – and then went for the big fix.

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Keeping maintenance unrealistically low is not the way to go.

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A Shabby Bike Room Is a Lawsuit Waiting to Happen

Written by Marianne Schaefer on September 05, 2019

New York City

A co-op board can't ignore a collapsing ceiling and waterbugs in a common area.

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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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