New York's Cooperative and Condominium Community

Habitat Magazine October 2020 free digital issue

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.

New measure imposes penalties for abusing disability access laws in housing.

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As unkillable as the cockroach, the proposed tax on second homes is back.

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Bill Seeks to End Prepayment Penalties in Underlying Mortgages

Written by Marianne Schaefer on August 20, 2020

New York State

Opinions differ on potential benefits for housing cooperatives.

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A Way for Co-op and Condo Boards to Avoid Costly Litigation

Written by Bruce Cholst and Devin W. Ness on August 13, 2020

New York City

The statute of limitations can prevent an ugly and expensive court battle.

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Co-ops stampede to take advantage of historically low interest rates.

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Co-op and condo boards are looking for ways to cover income shortfalls.

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Are Management Fees Due for a Day of Reckoning?

Written by Kathryn Farrell on July 02, 2020

New York City

Workloads are up and ancillary fees are down. Something has to give.

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Late-payment penalties would be cut in half, not eliminated.

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Lawsuit and new legislation seek to force insurers to pay claims.

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Co-ops and condos will continue losing income from commercial tenants.

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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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