At the start of the coronavirus pandemic, with traditional in-person apartment showings off the table for pretty much the entire spring season, many in the residential real estate industry scrambled to incorporate “virtual” components into …
On Friday, July 24, New York State passed S6874A/A8903-A, a bill granting the NY Department of State greater authority to punish real estate licensees for violating the state’s Human Rights Law. According to the text of the bill, “The…
Q. I live in a condo in Westchester. We have a super who has been here for 20 years and he doesn’t do a thing except empty garbage and maybe vacuum the hallway. When the board members ask him to do something, he frequently refuses—yet he …
Q. I currently live in a Mitchell-Lama co-op I purchased for $15,000 27 years ago. The building is going private. My question is: will I have to pay more money for my apartment to own it outright? —Worried about What Happens Next A. …
Q. Given the freezes put on evictions and collections during the COVID-19 pandemic, is it legal for a board to give a maintenance increase right now? —Wondering A. “While there is a cor…
Whether you live in a super-luxe Park Avenue co-op in New York City, a beachfront condo in Florida, a sprawling HOA in Nevada, or a multifamily community in the Berkshires, one thing is certain: you have neighbors. Hopefully they’re the peo…
Residential communities such as co-ops, condos, and HOAs are unique in that they take the governance of their properties into their own hands. While most properties do have managing agents to oversee staff and to handle the day-to-day opera…
By its very definition, insurance coverage is planned protection against both the expected and the unexpected. Life insurance clearly provides financial security in the event of death, which of course is an eventual certainty. But at the sa…
The arrival this past spring of an easily transmittable, frequently life-disrupting, and sometimes deadly virus profoundly impacted day-to-day activity for busy New Yorkers - including a certain socioeconomic bracket accustomed to the conve…
COVID-19 has caused more far-ranging, persistent anxiety than any other event in recent history. It has affected our jobs, our living situations, and the way we interact with others, and it’s not done with us yet. Scientists and public heal…