Q. I currently live in a Mitchell-Lama co-op I purchased for $15,000 27 years ago. The building is going private. My question is: will I have to pay more money for my apartment to own it outright? —Worried about What Happens Next A. …
Q. Given the freezes put on evictions and collections during the COVID-19 pandemic, is it legal for a board to give a maintenance increase right now? —Wondering A. “While there is a cor…
Whether you live in a super-luxe Park Avenue co-op in New York City, a beachfront condo in Florida, a sprawling HOA in Nevada, or a multifamily community in the Berkshires, one thing is certain: you have neighbors. Hopefully they’re the peo…
Residential communities such as co-ops, condos, and HOAs are unique in that they take the governance of their properties into their own hands. While most properties do have managing agents to oversee staff and to handle the day-to-day opera…
By its very definition, insurance coverage is planned protection against both the expected and the unexpected. Life insurance clearly provides financial security in the event of death, which of course is an eventual certainty. But at the sa…
The arrival this past spring of an easily transmittable, frequently life-disrupting, and sometimes deadly virus profoundly impacted day-to-day activity for busy New Yorkers - including a certain socioeconomic bracket accustomed to the conve…
COVID-19 has caused more far-ranging, persistent anxiety than any other event in recent history. It has affected our jobs, our living situations, and the way we interact with others, and it’s not done with us yet. Scientists and public heal…
According to a recent notice from New York City-based firm RAND Engineering & Architecture DPC, following the precedent set at New York City's restaurants, building owners will now have letter grades posted outside their entrances as well. …
A few years ago, I was on the phone with a homeowner. He was irate with how his community’s money was being spent. He was unhappy with the budget increase. It was a call I took regularly from any one of my homeowners (and more often than no…
Occasional clashes over questionable grass-mowing technique or noisy neighbors notwithstanding, according to the 2020 Homeowner Satisfaction Survey , a new report conducted by the Foundation for Community Association Research (FCAR) …