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Buying & Selling Caveat Emptor, Buyer Beware
Caveat Emptor, Buyer Beware

For decades, the due diligence required for real estate transactions has fallen more to the seller than the buyer. Would the buyer qualify for the purchase? Would they pass the board interview? Co-op owners wishing to sell their units often…

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Insurance Protecting Board Members from Claims
Protecting Board Members from Claims

In the wake of a tragedy of the size and scope of the recent building collapse in Surfside, Florida, many board members in condos, co-ops, and HOAs have concerns about what liability they may assume in their administrative role. This concer…

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Security Proptech & Biometric Data
Proptech & Biometric Data

Two new laws recently went into effect in New York City that regulate the collection, storage, and disclosure of information that can identify an individual “biometrically”—that is, by way of their fingerprints, retinal or iris scan, facial…

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Q&A Q&A: Seeking Stimulus
2021 August Q&A: Seeking Stimulus

Q. The government has provided relief for renters of cooperatives. Is there any relief for cooperative shareholders? I’m told by the building manager that the relief fund provided was for management. How can everyone get help and not the …

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Q&A Portrait of abusive aggressive man punching fists from the darkness.
2021 August Q&A: Dangerous Mitchell-Lama Resident

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…

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Q&A Q&A: Buyer’s Remorse
2021 August Q&A: Buyer’s Remorse

Q. I signed a contract at the end of November 2020. There was an increase in the maintenance in February 2021, so it’s likely they got notice of this in December. Unfortunately I wasn’t given notice of this $55 increase per month until th…

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Law & Legislation Digital Documents
2021 August Digital Documents

Paper, or electronic? It’s now a choice for everything, from the books we read for pleasure to the books we keep on our associations and corporations. Even restaurant menus are digital today in the wake of the need for ‘touch-free’ environm…

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On The Board Improving Board Involvement
2021 August Improving Board Involvement

Even among otherwise conscientious, community-minded co-op and condo residents, the idea of running for and serving on their board often ranks somewhere between taxes and dental work. It conjures thoughts of endless meetings...arguing about…

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On The Board New Kids on the Board
2021 August New Kids on the Board

Across the country, one of the biggest challenges to governing co-ops, condominiums, and homeowners associations is finding new members who are willing to volunteer their time and energy to serve on their community’s board of directors. In …

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COVID-19 Cuomo Amends NY HERO Act
Cuomo Amends NY HERO Act

On June 11, 2021, Governor Cuomo signed into law several amendments to the New York HERO Act; a law whose main purpose is to ensure that employers have a plan in place to protect their employees in the event of another pandemic, or the emer…

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