NEW YORK CITY

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

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.

Co-op shareholders must understand how shares are titled on the stock certificate, as different forms of ownership carry distinct implications regarding survivorship rights, and estate planning can streamline the share transfer process.

Co-op boards must strategically approach maintenance arrears by familiarizing themselves with the proprietary lease terms, collaborating with legal counsel, and taking timely actions to uphold the financial integrity of the co-op.

Co-op apartment sellers can challenge improperly implemented flip taxes.

Con Edison wins approval for steep rate hikes through 2025.

Water rates increased by 8.5% due to a budget maneuver by Mayor Eric Adams.

Co-op boards have the right to enter into confidential settlements with employees.

Debate centered on Carnegie House, a co-op facing a stiff land-lease rent increase.

Some 25,000 shareholders would be spared from sharp rent increases when land leases expire.