The Big Apple is looking awfully green these days. After all, there’s so much going on in the city to make it greener, more environmentally conscious and more energy efficient than ever before. A few years ago, New York City was named o…
Board members and building managers have a lot on their plates—maintenance issues, resident complaints, construction projects, and the hundred little tasks that make up the administration and upkeep of a multifamily residential building…
Q “My boyfriend and I live in a co-op apartment. The mortgage is in my name but he is listed as a co-resident of the apt. If we break up, is there a chance that we would have to sell the co-op to split the ownership of shares? What l…
Q I live in a self-managed co-op and we are getting conflicting information about whether co-ops can disallow roommates or not. We've heard that the board of directors has absolute decision making power over whether or not to allow room…
Owning and managing real estate has many positives and negatives, requiring the performance of varied responsibilities and wearing of many different hats. Most of my clients typically view the insurance renewal process with a sense of …
Sometimes, just getting two people to agree on what to have for dinner or what movie to see on a Saturday night can seem like an overwhelming task. Now imagine trying to get five, seven or nine people to make million-dollar decisions t…
Holding regular meetings is one of the most essential tasks of a co-op or condo board, because that’s where the building’s policy is formed, where business decisions related to the community are made and usually where administration of …
Co-op and condo board members are generally volunteers who live in their building and give of their time and expertise to help make sure their home is well-run, and their investment protected. In a perfect world, new board members are a…
For any co-op or condo in New York, there are certain types of insurance that they cannot live without. Generally those include: property, liability, umbrella, D&O (with employment practices liability (EPL) insurance embedded in the co…
Recently, a 36-year-old New York City restoration contractor was charged with multiple counts of workers’ compensation fraud and falsifying business records. He was hired as a sub-contractor, but he allegedly submitted three fraudulent …