According to a January 11 legal alert from the New York-based law firm of Tarter Krinsky & Drogin LLP, it may be possible for employers - presumably including cooperative corporations, condo associations, and HOAs - to require their employe…
According to a January 7 policy update from New York City housing advocacy organization Care For the Homeless (CFH), the fast-approaching expiry of eviction moratoriums in New York and across the country will not only spell disaster for tho…
The arrival of the coronavirus pandemic in New York City last spring led many owners with the ability to do so to leave the city; some permanently, but many more just temporarily. These individuals decamped to second homes upstate, or in th…
As the economic disruptions from the COVID-19 pandemic grind on, Congress has provided additional relief for small businesses to help them hang on until nationwide vaccination efforts are able to turn the tide of the crisis. The good news f…
Q. Why are co-op board minutes so sparse that others who read them—shareholders, lawyers, brokers—have no real idea what goes on at meetings? This is because minutes are routinely ‘sanitized’ to leave out any troublesome issues, any comme…
Q. In 1999 I inherited a low-income HDFC co-op, which at that time the president told me I could rent out. When my relative passed away in 1998, I had just bought myself a condominium, so I took the president at his word and rented the co…
Q. What can be done when the president of the condo corporation verbally harasses the building’s superintendent? —Seeking to Stop the Abuse A. “Since condominiums are not corporations (although the boards of manager…
For many buyers, a key factor in deciding to purchase a home in a residential community rather than opt for private, single-family ownership is often the appeal of amenities that come with condo, co-op, and HOA living—pools, gyms, clubhouse…
While many condominium associations and co-op corporations hire professional property managers or management firms to handle the routine (and not-so-routine) tasks involved in running a multifamily building or HOA, a significant number take…
Buildings are in many respects like cars; they’re a synthesis of a number of mechanical systems with lots of moving parts. To keep a car running at peak performance, it requires regular maintenance: oil changes, engine tune-ups, regular emi…