Requiring shareholders and unit-owners to have insurance can help protect boards from liability and litigation, as well as punishing premium increases, and can be done through an amendment to the governing documents. (Print: Passing the Buck)
Requiring shareholders and unit-owners to have insurance can help protect boards from liability and litigation, as well as punishing premium increases, and can be done through an amendment to the governing documents. (Print: Passing the Buck)
New Jersey implements legislation mandating structural inspections and reserve funds for co-ops and condos, potentially influencing New York's future regulations.
A co-op in East 73rd Street found compromised load-bearing columns during a renovation. The board took prompt action, assembling a team to reinforce the steel beams with new plates and brick encasement, securing funding through a second mortgage.
What used to cost $10,000 jumps to $100,000 – and that’s before the work starts.
Requiring an inspection after closing is “backwards.”
Parking garages now must be inspected.
Changes are coming to facade-inspection rules.
Say hello to electronic monitoring of fire extinguishers.
An exclusive interview with DOB Commissioner Rick Chandler.
A law went into effect in December that codifies the requirement for buildings to submit water tank inspection results to DOHMH.