Q. One of our condo units that the owner was renting out to a tenant is now in foreclosure. But before the unit went into foreclosure, the owner (who has been missing in action) was behind on the common charges and the condo board was tak…
Q. A co-op owner purchased her unit in 2005 and has been subleasing it to the same tenant since 2011. The co-op board recently passed an amendment to the bylaws that states that an owner cannot sublease a unit for more than two years, and…
What sells an apartment? Is it the feel of the space, the light, or the layout? Is it the price alone? Or something else entirely? Maybe a feeling of ‘hominess’ that calls out to the buyer: This is where you belong! Or perhaps it’s all thre…
Among the keys to successful governance of residential communities is continuity. The most basic of democratically elected units, co-op, condo, and HOA boards are the custodians of their community’s welfare, success, and continued operatio…
Conflict comes hand-in-hand with living in close quarters—and condominium and cooperative living is a prime example. Most dust-ups between neighbors involve run-of-the-mill issues like noise or hallway clutter, and can be settled with a cor…
It’s been said that it takes a village to raise a child. It can take nearly that much to run a multifamily building as well, even a small one. Residential communities require the services of a wide array of employees and professionals, rang…
Over the last few decades, property technology, or 'proptech' has completely transformed how we live and work. Historically, the real estate industry has been slow to embrace technology - which means many co-op and HOA boards are missing ou…
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…