Nobody enjoys litigation; it's expensive, time-consuming, and acrimonious. There are ways to avoid the courtroom however, and in this clip, legal pros explain their role in alternative dispute resolution (ADR) proceedings in the context of …

Over 45 years ago, when New York City was entering a dangerous financial decline that nearly culminated in municipal bankruptcy in 1975, the 421-a tax exemption program was created to incentivize developers to enter into new residential dev…

Conflict comes hand-in-hand with living in close quarters. Such is the nature of condominium and cooperative living. Some dust-ups between neighbors are settled with a polite conversation, or a mild nudge from the condo or co-op board. Othe…

New York City's residential real estate market had a moderate fourth quarter in 2016 to finish a record-breaking year, as the average home sales price (pertaining to co-ops, condominiums, and one-to-three-family dwellings), went up 10 perce…

A comprehensive reserve study is a board's most valuable tool when it comes to planning for major maintenance and replacement projects in their buildings and communities. In this clip, engineering and consulting pros discuss the importance …

Back in 2008 New York City granted a long sought-after and potentially-lucrative cable services franchise to Verizon Wireless for FiOS (fiber optic service). Thus, availability of FiOS to all New York City households was to be completed by …

Last December, DNAinfo published a story about the board of Dayton Beach Park, an affordable housing co-op in Rockaway Beach, that reportedly signed off on the purchase of thousands of dollars' worth of kitchen appliances for two of its…

Q. If a couple is married, but only one of their names appears on the lease, are they both still considered shareholders? Do they both have voting rights?  On a related note, according to the bylaws of my building: “nominations for direc…

Q. My co-op has not had an election of new board members in over 20 years. The president sends a notice of the annual meeting--’come for coffee and donuts’-- but never mentions there is an election due. Now she is holding the annual meeti…

Q. Is ordinance or law insurance required in New York State for co-ops? I am being turned down for refinancing my mortgage because our building does not have this insurance. Is it mandated for co-ops? They have all other required insuranc…