HABITAT
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 Group Resists Mandatory Smoking Policies
Written by Bill Morris on August 17, 2017
Proposal would require posting of a policy, fines for breaking any ban.
Investors Foregoing Fannie and Freddie Default Guarantees
August 16, 2017
The good old days of risk – and higher returns – are back for investors.
Condo Board’s Long Legal Nightmare May Be Over
Written by Bill Morris on August 10, 2017
Courts rule that sponsor is responsible for faulty construction.
Developers Say Boards Are Using Access Agreements as “Ransom”
August 09, 2017
Spike in lawsuits as developers push back against high fees for building access.
De Blasio Proposes Tax on Millionaires as Subway Fix
August 08, 2017
Mayor floats an old idea to deal with the “summer of hell.”
Queens Co-ops Complete Historic “Land Lease” Purchases
July 27, 2017
Bay Terrace co-ops buy the land they sit on, secure their futures.
White Plains co-op settles lawsuit filed by disabled applicant.
Appeals court upholds barbed street names in controversial condo development.
Seward Park Co-op Board Wins Big in Garage Lawsuit
Written by Bill Morris on July 20, 2017
Citing the Business Judgment Rule, court tosses suit by disgruntled shareholders.
Mayor slams lawsuit by group of activists and realtors seeking tax reform.
Ask the Experts
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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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