Short-Term Rentals in Co-ops and Condos Plunge as New Law Kicks In
October 27, 2023
Local Law 18 is having the desired effect — shutting down illegal sublets.
Flood Risk Disclosure Law: Challenges and Compliance Issues
Written by Lewis Montana, Partner, Levine Montana on October 26, 2023
A new state law requires landlords, including co-op boards, to provide tenants with comprehensive information about their building's flood risk by fully disclosing the property’s flood history.
New Tax Break for Major Building Upgrades
Written by Emily Myers on October 25, 2023
Co-ops struggling to pay for critical building-wide upgrades may now be able to access new tax breaks for major renovations.
In a Big Boost for Co-ops and Condos, State Revives J-51 Program
October 24, 2023
Cherished tax breaks are brought back to help defray the cost of building repairs.
Co-op and Condo Monthly Charges Rising at Triple the Inflation Rate
October 23, 2023
Soaring costs reignite fears that middle class will be priced out of the city.
How Apartment Combining Contributes to the Housing Crunch
October 20, 2023
Co-op and condo apartment combinations have cost the city 100,000 units of housing.
Who's Responsible for My Repairs?
Written by Leni Morrison Cummins, Partner at Cozen O'Connor on October 19, 2023
Disputes about alterations and repairs usually boil down to who is responsible for the costs.
Recovering Legal Fees: Who Pays when a Lawsuit Arises?
Written by Slava Hazin, partner, Warshaw Burstein on October 12, 2023
When a co-op & condo board initiates a lawsuit or is sued, the issue of who is going to pay the legal fees is always asked.
Small Co-ops and Condos Must Use Garbage Bins Starting Next Year
October 17, 2023
New rule is the latest mandate in the war against the city's rats.
The Evolution of Today's Co-op Boards: "They Want Progress"
October 13, 2023
Financial pressures are forcing co-op boards to adapt from their old role as gatekeepers.