In a recent statement, Mayor Adams announced a new law, which he has dubbed the Rat Reduction Act. Despite the name, the Act does not hold the city’s rats responsible for their mayhem and destruction. Rather, it seeks to reduce the rat prob…
The Cooperator Events Presents a Virtual Town Hall: Complying with Fannie Mae and Bank Guidelines for Funding Your Next Capital Project. Sponsored by Czarnowski & Beer LLP Thursday January 26, 2023 at 2:00PM EST WATCH ON DEMAND! After th…
Despite the acute recent rise in interest rates, the tristate condominium and co-op market continues to show strength; a decline doesn’t seem to be imminent - at least not in the foreseeable future. For many seeking home ownership in a more…
According to a new study by Construction Coverage examining where and to what degree homebuyers are most impacted by rising mortgage interest rates, those rates are now more than double what they were in early 2021. As a result, spirali…
Q. I live in a co-op with some unsold share apartments that are occupied by rent stabilized tenants. This month a woman in a rent stabilized apartment passed away. Will her apartment remain rent stabilized, or can the owner transfer it to…
Q. I have lived in a Mitchell-Lama co-op since 1992 and never received a copy of the complete house rules. I have been assaulted by a neighbor’s husband; he is not a tenant on record yet lives here and is a very dangerous person. Does the…
Q. We recently had to vote to remove our board president from his position, because he was taking small amounts of funds on a regular basis. He said it was all ‘petty cash reimbursements,’ but he never told the board or treasurer about ma…
Whether living in a crowded high-rise or a sprawling suburban community, when it comes to condos, co-ops and homeowners’ associations, safety is paramount. From management to the board to fellow residents, it falls to everyone to show conce…
In many ways co-op, condo, and HOA living represents the most basic form of representative democracy. Like the ancient Athenians, we gather periodically to elect a small group from among us to represent our joint interests and to oversee th…
In the world of co-ops, condos, and HOAs, management plays a slightly different role than it does in the rest of the real estate world. For example, in many rental buildings, the landlord or property owner often acts as de facto manager as …