New York's Cooperative and Condominium Community

Habitat Magazine June 2020 free digital issue

HABITAT

NEW YORK STATE

New study finds that Texas is tops for carbon emissions.

State regulators cracking down on title insurers’ “unscrupulous” fees.

Solar energy output has increased eightfold in the past five years.

Dog bites man, man sues board. Are you adequately insured?

New Bill Seeks to Speed Co-op Purchases

Written by Bill Morris on January 26, 2017

New York State

Co-op advocates describe proposal as “the start of a slippery slope.”

Lobbying by co-op advocates avoids a trip down a “slippery slope.”

Everybody Into the Pool!

Written by Tom Soter and Bill Morris on April 28, 2016

New York State

Now is the time to show your swimming pool some love.

A New York State law that went into effect Dec. 3, requiring all residential leases to contain a notice about the building's sprinkler system, appears to mandate that even co-op proprietary leases must be amended to reflect the language change. The new law also impacts leases offered by condominium homeowners renting their apartments as well as subleases offered by rental tenants and by co-op shareholders.

Condominiums continue to use the lion's share of the 421a tax exemption, with very few co-ops participating in the program that along with the popular J-51 exemption is set to expire in June, panelists said Wednesday in a housing symposium. Participants also revealed proposals for affordable homes and predicted the fates of "poor doors" and a new, related wrinkle, "poor fences."

 

May 8, 2014 — Now you have another six months.

The Federal Emergency Management Agency (FEMA) has announced a further six-month extension for superstorm Sandy victims who carry the federal government's Standard Flood Insurance Policy. The deadline for filing an updated "proof of loss" form — a statement on the amount a co-op or condo apartment owner is claiming under his or her flood-insurance policy — was already extended once to April 28, 2014, and has now been extended to October 29, 2014. The extension applies to losses from Sandy flood damage that occurred between October 25 and November 6, 2012.

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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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