For building boards, management companies, shareholders, and unit owners, the issue of insurance often becomes complicated: how much insurance - and of what kind - does one's building, or even a shareholder/tenant, need? Is there such a th…

General Liability Coverage for an insured's negligent acts or omissions that cause personal or bodily injury to another person or damage to another's property. As loss ratios climb and new legislation like sidewalk liability and lead p…

A lot of factors go into determining the extent and cost of a building's insurance coverage: replacement cost, location, number of units, and claims history top of the list, but on closer inspection, there are plenty of ways to better posi…

With New York City rebounding from a sluggish economy and resulting budget deficit, Mayor Michael R. Bloomberg reached a budget agreement with the City Council that includes a $400 dollar property tax refund to city homeowners, who bore the…

"¢ Borrower must be age 62 or older "¢ No monthly payment is required "¢ Must obtain co-op board approval in most cases "¢ Proceeds can be used for any purpose "¢ No financial reports, credit history or medical reports …

Arline Zatz grew up in Williamsburg, Brooklyn, just a short distance away from Coney Island. She recalls that every summer she and her friends would take a short jaunt to the popular beach and amusement parks to lie on the sand and enjoy t…

One of the most popular attractions at The Cooperator's 17th Annual Co-op & Condo Expo this past March was the roster of seminars that ran throughout the day at the New York Hilton, drawing standing-room-only crowds to panel discussion…

Effective August 2, 2004, a new lead-based paint regulation will force New York City property owners to change the way they deal with lead based paint in their properties. "Local Law 1 of 2004," overseen by the Department of Housing Prese…

The primary function of a board of a co-op or condo is to operate, maintain, repair and preserve the common property. The board also has a responsibility to maintain the value of the property. Most boards develop an annual operating b…

Say the words "80/20 rule" to a New York City co-op board, and you may be met with groans and furrowed brows. A provision in Section 216 of the Internal Revenue Service (IRS) tax code, the 80/20 rule limits the amount of commercial revenu…