HABITAT
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.
Condo fees increased nearly triple the rate of inflation while co-op fees were flat.
Co-op Board's Refusal to Transfer Shares to Unmarried Partner Is Upheld
February 25, 2025
Controversial decision was based on a rigid definition of "spouse."
How Co-op and Condo Boards Can Take the Sting Out of Assessments
Written by Paula Chin on February 17, 2025
Boards must take into account shareholders' and unit-owners' ability to pay.
Q&A: How to Recover Unpaid Dues From a Condo Sponsor
February 10, 2025
Attorney general says failure of condo sponsors to pay dues is a "serious" problem.
Gramercy Square Condo Board Sues Sponsor for $75 Million
February 07, 2025
The condo board's lawsuit alleges physical defects and fiscal mismanagement.
Co-op Board Moves to Evict Quad Cinema Over Unpaid Rent
February 03, 2025
First it was noise, now it's unpaid rent. Co-op board says cinema has to go.
Corporate Transparency Act Is Back on Hold
January 28, 2025
The on-again, off-again law is beginning to resemble an elaborate pinball game.
As Assessments Hit All-Time High, Tax Reformers Push Back
January 27, 2025
Tax Equity Now New York wants city to recalculate its latest assessments.
The Green Light is Back on for the Corporate Transparency Act
January 24, 2025
The on-again, off-again law is back on, yet again.
Co-ops Push for Permanent Exemption From Landlord-Tenant Laws
January 21, 2025
For the third time, lawmakers try to immunize co-ops from "inadvertent" laws.
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