HABITAT
Co-op and Condo Boards to Weigh Staff Pay Against Tax Abatement
Written by Bill Morris on February 10, 2022
Nearly 4,000 boards are facing a decision that will put them in a “pickle.”
Condo Board Goes in for Early Detection of Water Leaks
Written by Bill Morris on February 09, 2022
New sensors alert staff within seconds after moisture appears.
Prevailing Wage Affidavit Deadline Pushed to April 15
Written by Bill Morris on February 07, 2022
Boards must pay prevailing wages to qualify for a cherished property tax abatement.
How to Calculate Property Taxes After an Abatement Expires
February 04, 2022
When abatements end, taxes are sure to go up — but how much and how fast?
New Report Says Property Taxes Are "Crushing" New York Homeowners
February 01, 2022
Archaic assessment formulas and annual caps have led to massive disparities in tax burdens.
Co-op Board Learns the High Cost of Ignoring Neighbor's Rain Runoff
January 31, 2022
Board let a problem persist for years without taking action. Not a good idea.
Staff Shortages Slowing Co-op and Condo Sales to a Crawl
January 28, 2022
Brisk market and COVID-19 are causing delays in closings.
For Co-ops and Condos, Garages Are the New Facades
Written by Bill Morris on January 27, 2022
City has begun rolling out new regs on mandatory periodic inspections.
Co-op and Condo Tax Abatement Now Has a String Attached
Written by Bill Morris on January 19, 2022
Boards must pay prevailing wages to qualify for a cherished tax break.
The Rules Keep Changing for Co-op and Condo Boards
Written by William D. McCracken on January 18, 2022
Get ready for even more new laws and rules in the coming months.
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