A group of New York City Council members, led by Ydanis Rodriguez of the 10th District, recently re-submitted legislation that aims to give small business owners more agency when renegotiating the leases for their commercial spaces. Var…
Starting August 28, 2018, all residential buildings with three or more units in New York City will be required to adopt a written smoking policy . This applies to rentals, co-ops, and condos. The new ordinance, called Local Law 147 …
Successfully running a condominium, cooperative, or homeowners’ association is no small task. A board and/or management must consider the interests of its residents when making sweeping decisions to benefit the property and those who call i…
Lawsuits are both expensive and time consuming. It might be said that the only real winners in a civil suit are the lawyers. They get paid by the hour, and often in cases of negligence, they receive a substantial portion of the award or se…
In today’s litigious society, lawsuits are an unpleasant fact of life. Everyone has a gripe – and that gripe can often result in legal action. The question is, how is your cooperative corporation, condominium association, or HOA protected, …
Whether it’s pending Airbnb legislation in various markets, proposed legislation on New York State co-op applications, or homeowners winning the ability to sue condominium developers for faulty practices, co-ops, condos and HOAs are often a…
In New York State, cooperative corporations are governed by the New York Business Corporation Law (BCL), a piece of legislation that dates back to 1890 and is considered a very influential model for U.S. corporate law. The BCL contains 20 …
If you're fortunate enough to serve on a cohesive, friendly board in a building or association with a strong sense of community and few issues, it can be very tempting to 'go with the flow' and handle board business in an informal, case-by-…
Perhaps the most prized amenity in a New York City home is private outdoor space. Brownstones may offer a garden, a roof deck, or a small terrace. Pre-war buildings have coveted wrap-around penthouses, and post-war high-rise buildings oft…
Another New York City building could be next in a line of properties that have recently extricated themselves of the Trump name following the election of Donald Trump to the U.S. presidency in 2016. Crain's New York Business reported…