The Firm represents in excess of 100 cooperatives and condominiums in the New York Metropolitan area. We advise the Boards and their managing agents in all aspects involving cooperative and condominium living, and attend Board and Shareholder meetings as needed and appropriate.
The prospect of updating the bylaws of a co-op or condo can be daunting – simultaneously mundane and overwhelming. In a co-op, bylaws mostly govern internal corporate matters, but in a condo they cover just about everything, from the organization of the condominium association to the powers of the board and the relationship between the residents and their board. So the question posed to our attorney panel this episode is: Where is a board to begin? Is there a template to follow? Well, no, unfortunately. But there are plenty of solid bedrock principles on how to approach this important job. It’s information board members need to know before they take on this crucial task. On the panel this week, Habitat publisher Carol J. Ott talks with Stuart Saft, a partner at Holland & Knight, and Matthew Leeds, a partner at Ganfer Shore Leeds & Zauderer LLP.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?