Category: Law & Legislation

Law & Legislation Mitchell-Lama Co-ops
2015 October Mitchell-Lama Co-ops

In 1955, when many city neighborhoods were deteriorating and the flight to the suburbs was going full blast, the Mitchell-Lama bill, named after state Sen. McNeil Mitchell and Assemblyman Alfred Lama, was signed into law in New York State. …

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Law & Legislation Shut Up, New York!
2015 September Shut Up, New York!

During a recent news conference about noise pollution, Michael Horodniceanu—the Metropolitan Transportation Authority’s president of capital construction—had to shout in order to be heard while speaking at a Second Avenue construction proje…

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Law & Legislation You Must Be New Here
2015 June You Must Be New Here

Every relationship starts the same way—people getting to know each other and moving into a new condo or co-op is no different. It’s actually a lot like moving into a new town; there are new neighbors, new rules and new community leaders. S…

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Law & Legislation Avoiding Litigation
2015 June Avoiding Litigation

With dozens and sometimes hundreds of people living in a community governed by neighbors, acquaintances and friends, it should be no surprise that disputes can happen in co-op and condo buildings. The possibility of disagreements among res…

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Law & Legislation The Condo as Legal Entity
2015 June The Condo as Legal Entity

In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium—commonly referred to as “condo”…

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Law & Legislation 2015-16 Legislative Update
2015 June 2015-16 Legislative Update

The 2015-16 New York State Legislative season is here, and on the table are many housing-related bills, many of which directly impact co-op and condo board members, managers and residents. Housing is also on the agenda in the New York City…

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Law & Legislation The Co-op as Legal Entity
2015 June The Co-op as Legal Entity

Rare in all but a few cities around the country, residential co-ops are by far the most prevalent type of owner-occupied apartment in New York City, outnumbering condos by 3-1 by some estimates. According to a study commissioned by N…

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Law & Legislation Reducing Risks
2015 June Reducing Risks

For co-ops, condos, and HOAs, insurance premiums are some of those quiet necessities that tend to fly under the budgetary radar until it is time to examine the bottom line, provoking a search for savings. Without a doubt, insurance e…

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