First-time buyers in condo associations, co-ops, and other multifamily residential communities are often surprised—and a bit confused—by the way in which their new building or HOA operates. Whether they are coming from a rental background o…
Even before the pandemic and social unrest of the last few years, interpersonal conflict and outright hostility often surfaced in the co-op and condo environment, forcing boards and managers to deal with both legitimate grievances and confl…
In a rental building, the landlord has certain rights under certain circumstances to remove a tenant from his property before the expiration of their lease. In a private home setting, the only real path to removing an owner is through forec…
On Friday, May 20 32BJ SEIU building workers - a group that includes doorpersons, superintendents, resident managers, handypersons, concierges, and porters in the city's residential and commercial buildings - voted overwhelmingly to ratify …
With costs rising—and accidents and property damage a perpetual worry for boards and owners alike—it’s vital that both you and your co-op or condo association be properly insured against liability and loss. Boards and residents also need to…
The financing landscape for co-ops has never been more diverse than it is today, or more customizable for a community's unique needs. The array of options for structuring a mortgage to help your co-op accomplish its long-term objectives is …
Commercial umbrella coverage is an essential protection from big liability claims against your building—but insurance markets have grown increasingly volatile in the last two years, and there are fewer programs offering adequate protection …
Many co-op and condo boards are exploring solar as a potential source of energy for their buildings. This enlightening conversation will explain how solar works, break down the costs involved—as well as incentive and subsidy programs and fi…
Residents who do not pay their common charges and maintenance are a significant issue for co-op and condo communities—today more than ever. The pandemic and now inflation have created financial pressures on many residents. The lack of predi…
If your co-op or condo is considering a major capital project, it's never too early for your board to begin planning, familiarizing itself with current lending guidelines, and thinking about how the community's reserve funds will be repleni…