New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

NEW YORK CITY

A minority of shareholders can demand a special meeting and election.

Bill would require boards to give reasons why they reject purchase applications.

The battle over Paycheck Protection loans resulted in a major victory for co-ops.

Such a policy could lead to discrimination lawsuits.

Building staffers and vendors’ workers are signing up for their shots.

Umbrella Insurance Policies Have Sprung a Leak

Written by Bill Morris on March 24, 2021

New York City

Co-op and condo boards are paying more for less excess-liability coverage.

Annual water and energy usage report will lead to each building’s letter grade.

Federal rate hikes for pricey waterfront homes are now on hold.

Do Co-op and Condo Boards Have to Play COVID Cop?

Written by Marc Schneider and Justin Buchel on March 16, 2021

New York City

It’s impossible to get all residents to comply with all the rules all the time.

Something called Transitional Assessed Value is the culprit.

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