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Category: Law & Legislation

Law & Legislation Breaking the Mold
2006 Dec Breaking the Mold

Molds are naturally occurring organisms that are present almost everywhere.  While molds need both moisture and nutrients to grow, moisture is the primary factor that promotes indoor mold growth. Therefore, whenever there is a water leak…

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Law & Legislation Need Answers?
2006 Oct Need Answers?

Your roof terrace leaked and the neighbor below you sued for damages. Do you have any recourse? The heating system in your apartment failed to work and the managing agent sent you the bill for its repair. Do you have to pay? The a…

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Law & Legislation Same Planet, Different Worlds
2006 Aug Same Planet, Different Worlds

While there are many similarities between co-ops and condos, are the two very different when it comes to things like insurance and liability? The answer is both yes and no. There are similarities, but some significant difference…

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Law & Legislation It's All About Trust
2006 Jul It's All About Trust

Once an estate planning operative for only the rich and famous, trusts are commonly used today to facilitate estate planning for everyone. While empty-nesters downsize and seek out residences that are more maintenance free—such as co-o…

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Law & Legislation Finding Good Help
2006 Jul Finding Good Help

It is a fairly common situation: The managing agent of a 30-unit condo calls the building’s legal counsel and asks whether the building is required to hire or retain a resident superintendent. Sometimes the building wants to rent or se…

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Law & Legislation Rule Change
2006 Jun Rule Change

Spring is here, and with it comes a lot of renovation—especially of homes, weekend homes and co-ops. With all that work comes inevitable disputes between homeowners and their architects, interior designers and contractors. For many yea…

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Law & Legislation Mayor Presents $52.7 Billion Budget
2006 Jun Mayor Presents $52.7 Billion Budget

Flush into his second term as the city’s chief executive, Mayor Michael R. Bloomberg proposes a $52.7 billion budget plan for 2007 and updated his four-year financial plan for New York City in an attempt to keep the city’s finances on …

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Law & Legislation Make It Safe
2006 Jun Make It Safe

Imagine this scenario... you are in charge of a residential property, as either a board member or a managing agent. One of your residents has just advised you that the lock on the front door of the building has been known to malfunctio…

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Law & Legislation The Laws of the Land
2006 Jun The Laws of the Land

Each year, our representatives in the New York State Legislature propose, debate, and ultimately pass or reject scores of laws and pieces of legislation. This issue of The Cooperator is devoted to the legal and legislative issue…

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Law & Legislation Home Sweet Home?
2006 Jun Home Sweet Home?

While most residential buildings in the city are either purely rental or purely co-op/condo, there are many co-op and condo buildings that are home to rental tenants. This usually is the result of the building converting from rental to…

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