Q. Could you clarify how New York law applies to cooperative housing corporations in the context of annual shareholder meetings, specifically, whether co-ops must follow the notice and meeting procedures under the New York Business Corpor…
Managing a New York City condo or co-op means paying close attention to the city’s complex network of Local Laws, and making sure your building or association is in full compliance to avoid the city’s notoriously steep fines. Below is a 20…
Everything has its season, goes the old saying—and that’s especially true when it comes to common area upgrades. Planning and executing these projects takes time, and often the weather, temperature, availability of contractors, and other se…
Whether you preside over a tight-knit eight-unit condo in Brooklyn, a sprawling association in Queens, or a legacy co-op building on the UES, building credibility and trust with residents is crucial to your board’s success. That trust doe…
Sidewalk sheds are a frequent sight—and frequently a point of contention—across all five boroughs. Put up to facilitate facade inspections and repairs, they often remain in place for months (or even years), accumulating trash and other debr…
In New York City, Local Law 11, aka the Facade Inspection & Safety Program (FISP) requires that all buildings over six stories tall undergo a facade inspection every five years. Cycle 10 commenced on February 21, 2025, and will run through …
With construction costs rising and a dense framework of municipal mandates to navigate, the fiduciary duty of co-op and condo boards has evolved over the last few decades from general oversight to a complex exercise in long-term financial p…
The deadly 2021 condominium collapse in Surfside, Florida was a wake-up call for boards, regulators, and residents alike—the tragedy caused the deaths of 98 people and exposed deficiencies in structural integrity, regulatory oversight, and …
Today’s real estate market is a challenging one for buyers. While home prices have relaxed since their peak in the COVID-19 pandemic, the typical cost of a home in the U.S. has risen by more than 23% from early 2020 through the end of 2025.…
In a joint press conference on April 22, the Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) announced that their respective underwriting software will begin allowing VantageScore 4.0…