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Board Operations So, You've Been Sued
2007 Jun So, You've Been Sued

Reading the papers you've just been served, your heart quickens in fight-or-flight mode. Part of your mind can't believe your eyes. You've just been sued, and you aren't sure what your next step should be. To people who aren't lawye…

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Organizations New York State Bar Association
2007 Jun New York State Bar Association

With some 72,000 members, the New York State Bar Association (NYSBA) is the largest voluntary statewide association of lawyers in the country, and the official organization of legal practitioners in the state. While more than half i…

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Law & Legislation Budgeting for New York City's Future
2007 Jun Budgeting for New York City's Future

Mayor Michael R. Bloomberg announced his $59.0 billion budget plan for Fiscal Year 2008 and presented his updated four-year financial plan for New York City. In preparation for a possible economic slowdown, the mayor's proposal focuses o…

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Law & Legislation Understanding Apartment/Home Tax Inequity
2007 Jun Understanding Apartment/Home Tax Inequity

The old saying goes that the only two sure things in life are death and taxes. According to the experts, for owners of co-ops and condos in New York City, there's a third inevitability: you're going to be taxed at a higher rate than owners …

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Law & Legislation Avoiding Legal Nightmares
2007 Jun Avoiding Legal Nightmares

We all have nightmares. Whether it's hungry sharks nipping at our feet or shadowy figures lurking in the woods, there will always be things that wake us in the middle of the night. If you're a co-op or condo owner, manager or board membe…

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Law & Legislation City Council Speaker Christine Quinn
2007 Jun City Council Speaker Christine Quinn

You would think that trying to get to know the city's first female Speaker, Christine Quinn, would be difficult when you've only been granted ten minutes in the demanding politician's day. However, in such a short timeframe, Quinn has enoug…

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Law & Legislation Co-op and Condo-Related Legislation
2007 Jun Co-op and Condo-Related Legislation

Legislatures are in session, both in the city and in Albany, and, as always, housing is a hot issue. What bills should co-op and condo board members, managers and owners be looking at that may impact their residences? While there ar…

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Q&A Q&A: Financial Document Drama
2007 May Q&A: Financial Document Drama

Q Is a condominium required to produce an annual financial report? If they don’t, what is the recourse? If the management company doesn’t allow me, an owner, to review the finances under the New York State Real Property Law, what is my …

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