New York's Cooperative and Condominium Community

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NEW YORK CITY

There are three crucial questions to address before imposing fines and late fees.

Sponsor units tend to cost more and have higher closing costs.

Boards have until July 31 to schedule free inspections of facades, boilers and more.

Distorted rates are not always tied to home values or levels of risk.

Rule takes effect Nov. 12, and new "NYC Bins" will cost $50.

The overwhelmed DOB is teaming up with the Partnership for New York City.

Buyers are growing tired of paying high rents while rating for interest rates to drop.

Denying access based on religious observance may be considered discrimination.

Cash-only policies narrow potential buyer market and drive down prices.

Board Decisions on Repair Projects Require Strict Adherence to Governing Documents

Written by Michael Savino, Partner, Braverman Greenspun on June 06, 2024

New York City

Co-op and condo boards must consult the governing documents before approving repair projects, as failure to do so could result in a lawsuit for breach of fiduciary duty.

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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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