Certain cooperatives (co-ops) and condominiums (condos) that wish to be eligible for the co-op and condo property tax abatement are in a mad dash to submit the newly required prevailing wage affidavit . Which Communities Must Submit th…
Author Diane Drey knows that A Step by Step Guide to Navigating the Facade Inspection Safety Program: New York Edition, her newest work about facade inspections and maintenance probably isn’t going to be a blockbuster - but for building…
Q. I was a member of our three-person condo association board for approximately one year. I resigned after I realized the other two people were having secret meetings and making decisions without my input, and bringing their 2-to-1 vote …
If you live in, work in, or provide services for a co-op, condo, or HOA, you know that however harmonious a building or association is in general, there is always that one person—or perhaps more than one—who throws a wrench in the works. It…
If you live in a condo or a co-op, you most likely have heard the term fiduciary duty, usually in reference to the responsibilities and obligations of board members and management. But what is a fiduciary duty? In essence, it’s a legal rela…
By its very nature, life in a co-op or condominium community is different from living in a rental unit or a private home. While that statement may seem pretty obvious, many owners of co-op and condo units lack a clear understanding of what …
It’s a seller’s market, or so the NYC real estate pundits are telling us. But what does that actually mean? Does it mean it’s easier to sell a home than it would be in a buyer’s market? Are units selling for more money, or more quickly? Do…
Back in the fall of 2019, the New York State Legislature passed a new and stringent law meant to protect and defend the rights of rental tenants. Because co-op boards technically fall under the legal umbrella of ‘landlord’, they were subjec…
The Cooperator Events Presents a Virtual Town Hall: Penny-Wise But Pound Foolish - How to Prioritize Maintenance Projects & Reduce Risk. Sponsored by Czarnowski & Beer LLP Thursday January 20, 2022 at 2:00 PM WATCH ON DEMAND The dea…
With all the pandemic-related restrictions being discussed in the media, it’s sometimes startling to realize how much renovation work is still going on in and around co-op and condominium apartments. It’s long been routine for co-op boards…