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.

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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Free session is designed to help co-op boards apply for forgivable loans.

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A "body blow" tax deduction cap would be eliminated by two new bills in Congress.

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What Happens in the Boardroom Should Stay in the Boardroom

Written by Andrew P. Brucker on January 29, 2021

New York City

Breach of confidentiality leads to bad blood and soaring legal bills.

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For the first time, co-ops will be eligible for the forgivable federal loans.

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Co-op Board Learns That Emails Can Bite Back

Written by Victor M. Metsch on January 07, 2021

Greenwich Village, Manhattan

Bitter dispute between neighbors lands in court, delivers a lesson.

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When Neighbors Tangle, Co-op Boards Can't Look Away

Written by Andrew P. Brucker on December 08, 2020

New York City

Lawsuit shows that co-op boards need to intervene in neighborly disputes.

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Boards cannot require shareholders to get authorization for guests.

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Lawsuit shows that board powers are sizable – and long-lived.

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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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