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Category: Law & Legislation

Law & Legislation New Law Changes Design Industry
2011 November New Law Changes Design Industry

As a construction attorney I can say that it is rare that a change is made in the law which revolutionizes the design industry. Up until now, the laws in the State of New York only allowed architectural and engineering firms to be owned…

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Law & Legislation Negotiating a Building's Ground Rent
2011 September Negotiating a Building's Ground Rent

 Many co-ops in New York lease, rather than own, the land beneath their apartment  building. For the board of a leasehold co-op, navigating a contested land valuation, in  which the amount of the co-op’s ground rent is determined through a…

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Law & Legislation Tax Fight Continues in Queens
2011 June Tax Fight Continues in Queens

Despite some admissions of error from the city, and a temporary cap on increases in assessed valuations, co-op officers and elected officials from Eastern Queens who in recent weeks have declared a “tax revolt” aren’t backing down. …

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Law & Legislation The ABCs of City Resources
2011 June The ABCs of City Resources

 You may live in the most well-run and self-sufficient building in the city, but  even in Gotham, no building is an island. Developments from Penn South in  Manhattan to Co-op City in the Bronx to the small six-story condo building in  the…

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Law & Legislation Watch Your Mouth
2011 June Watch Your Mouth

 In the course of human events, it's almost inevitable that somewhere, at some  point, tempers will flare and someone will say something awful about someone  else. It can happen after the PTA meeting, in the gym, at the office...even in  o…

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Law & Legislation Can We Go Green?
2011 June Can We Go Green?

 As gasoline prices rise with increasing summer demand, building administrators'  attention has turned sharply to the cost of energy, and ways to trim fat from  their overall energy budgets.    Yet for the nation’s nearly 60 million…

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Law & Legislation "Phantom" Boards
2011 June "Phantom" Boards

 As the directors of a cooperative corporation, co-op board members have a number  of duties to their shareholders, chief among them to preserve and improve their  investment and to maintain and/or improve shareholders’ standard of living …

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Law & Legislation No Time Like the Precedent
2011 June No Time Like the Precedent

 Co-op and condo boards are made up of resident volunteers who want to serve  their building communities and have a hand in its governance. While some board  members actually make their living as attorneys and have a working knowledge of  …

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Law & Legislation The Paper Chase
2011 June The Paper Chase

 With homeownership comes great responsibility. For co-op and condo residents,  part of that responsibility means sorting through the seemingly mile-high  stacks of documents handed to you before, during and after the purchase process  beg…

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