New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

Commercial Tenant Defaults and Yellowstone Injunctions

Written by Massimo D'Angelo, Partner, Blank Rome on February 22, 2024

New York City

A Yellowstone injunctionis the most potent weapon in a tenant's arsenal when faced with landlord-tenant summary eviction proceedings.

Succession and Governance in Mitchell-Lama Co-ops

Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024

New York City

Mitchell-Lama apartments present an affordable housing option for New York City residents.

Budgeting Challenges for Co-ops With Commercial Spaces

Written by Andrew Freedland, Partner, Herrick Feinstein on February 08, 2024

New York City

Co-op boards with commercial spaces have long relied on income from their leases to business entities as a source of revenue to fund their building operations.

The Habitat Group wishes you a prosperous and apolitical Presidents' Day.

Succession and Governance in Mitchell-Lama Co-ops

Written by Dean Roberts, Member, Norris McLaughlin on February 15, 2024

New York City

Finding a Mitchell-Lama apartment is very competitive and requires a good degree of patience.

There are several factors that determine the legal capacity of rooftop amenity spaces.

Experts will give advice at free sessions beginning Feb. 8.

Some board candidates are driven by self interest, others by a desire to serve their community.

Unit-owners must follow the bylaws and the law when trying to remove board members.

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.

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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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