Written by Stephen Varone and Peter Varsalona on May 30, 2013
The well-known Local Law 11/98, requiring every-five-year façade inspection of buildings seven stories or taller, sometimes requires co-op and condo boards to have "special inspections" of particular items. Formerly called "controlled inspections," they cover such items as materials, equipment, installation, fabrication and construction methods and are typically more rigorous than standard "progress inspections." Part 1 of this article gave an introduction to special inspections. Here we give more detail of what condo and co-op boards should expect.
Written by Maitland McDonagh on May 28, 2013
We all want to feel safe in our own homes, and in a small co-op or condominium, any incident from theft of a bicycle to a personal confrontation can cause a major shift in perspective. For boards of small and midsize buildings without doormen, the first reaction is often to look at your security system, which encompasses front- and roof-door locks, intercoms, exterior lighting, keeping sight lines clear by trimming trees that could conceal someone lurking near the entrance, and moving mailboxes to the front of the building, where security is generally concentrated. But how do you do it affordably?
Written by Jennifer V. Hughes on May 16, 2013
Con Edison has a pool of about $1.5 million available to help co-ops, condominiums and other New York City buildings convert from oil to gas. Incentives vary based on the size of the building. For example, buildings that have between five and 75 units can get up to $22,500 for the conversion process and up to $5,000 for purchasing a highly efficient boiler. For larger buildings, customized incentives are available.
Written by Jennifer Wu on May 14, 2013
Our bags were gone.
My fiancé, Mike, and I had come home after having dinner at my parents' house. While he was parking, I took a few bags of groceries upstairs to our sixth-floor walk-up apartment and left a suitcase and another bag of groceries in the lobby for Mike to bring up when he came in.
But by the time he arrived — only a brief 10 minutes later — the bags had disappeared. After knocking on a few doors and finding that no one had seen or heard anything, we realized that our bags had been stolen — from our locked lobby!
Written by Frank Lovece on May 10, 2013
New York City has extended its deadline for property owners and managers to provide their buildings' 2013 energy-benchmarking data, following a cyberattack late last month at the U.S. government website where that information is entered into a database. Buildings falling under the benchmarking requirements now have until May 31. However, buildings wishing to use the government's spreadsheet template for entering information into that "Portfolio Manager" database, rather than entering information manually, have only until May 15 due to the planned release of an upgraded database.
Written by Stuart J. Lieberman on May 03, 2013
Marijuana is becoming legal, to various extents, in a lot of places. Some states such as New Jersey and California allow if for medical purposes. Colorado just plain allows it. Some predict that sooner or later it will pretty much just be legal, basically everywhere.
The question is whether condo and co-op boards will be able to ban marijuana in instances where the state says its legal. Will a board be able to just say no? The answer is not so cut and dry.
Written by Tom Soter on April 30, 2013
How would you like to make sales dry up in your building? Or guarantee you'll lose every challenge to your authority as a board? What if you couldn't charge assessments, collect flip taxes or go after people who were in arrears? Nutty, right? Well, not so nutty if you're one of those condo or co-op boards that don't keep minutes.
Written by Jennifer V. Hughes on April 02, 2013
Very soon there will be no more No. 6 heating oil. By June 2015, buildings in the city will not be able to burn the smog-producing fuel. Lots of buildings have already switched to cleaner-burning No. 2 or No. 4 oil, or to natural gas. But there are plenty of buildings where co-op and condo boards are still wrestling with what to do next. If your cooperative or condominium is one of them, which path is right for your particular situation?
Written by Ronda Kaysen on April 30, 2013
Rising insurance rates might be unavoidable, but there are steps condo and co-op boards can take to keep control of runaway rates and prepare for the unavoidable increases. Here are three simple steps every building should contemplate.
Written by Eva Talel on April 26, 2013
A bill has been introduced in New York's City Council that would substantially impair a co-op board's rights to approve prospective apartment purchasers.
On very short notice, a hearing on the bill — Int. No. 188 — has been scheduled for Tuesday, April 30, at 1 p.m. We understand that the bill is being strongly supported by the real estate broker community. However, we recommend and encourage you and your fellow co-op board members and managers to promptly reach out to your City Council representatives and express your views in opposition to the bill.