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 …
Like any profession, property management has its moments. Managers often feel a sense of great achievement when they’ve done a good job for a client community, sorting out a seemingly intractable problem, saving them thousands of dollars, o…
Building owners - as well as co-op and condo boards - are facing the challenging task of complying with NYC’s array of greenhouse gas emissions (GHG) laws, which are intended to measure, track, and report the energy efficiency of buildings …
At this time of year, it’s customary (and just good manners) to show your appreciation for the work your building or association staff does for you and your neighbors by giving year-end holiday tips—but how much to give, and how to give it …