New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

Business Judgment Rule: Lessons for Co-op and Condo Boards

Written by Bruce Cholst, Partner, Herrick Feinstein on January 25, 2024

New York City

Boards relying on the business judgment rule for legal protection must meet four criteria, but also consider community sentiment to avoid backlash.

New climate report underscores need for co-ops and condos to cut carbon emissions.

Number of fires and deaths from faulty lithium-ion batteries rose again last year.

Renovation Responsibilities for Co-op and Condo Boards

Written by Allen H. Brill on January 18, 2024

New York City

Shareholder renovations can often be a headache for boards, particularly in older properties.

Co-op and condo boards will face higher insurance premiums as the "hard" market persists.

The Habitat Group joins in celebrating the life and legacy of a civil-rights icon.

Return of property tax exemption could revive multifamily housing construction.

Navigating Primary Residence Disputes

Written by Moshe Bobker, Partner, Tane Waterman & Wurtzel on January 11, 2024

New York City

When shareholders violate the terms of a proprietary lease by not making the apartment their primary residence, boards are within their rights to evict them.

Navigating the Co-op Admission Process

Written by Laura Endres, Partner, Taylor, Eldridge & Endres on January 04, 2024

New York City

Cooperative apartment ownership in New York is a unique arrangement.

Co-op and condo market likely to open up in new year as interest rates come down.

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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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