U.S. Congressman Tom Reynolds (D-NY) has introduced legislation to remove an inequity in the tax code that penalized seniors and middle income homeowners from taking a deduction on their tax returns for any mortgage interest they had accum…
Category: Law & Legislation
City Corporation Counsel Michael Cardozo pleaded with members of the City Council last month to enact meaningful tort reform to help the city close what officials say will be a $6.4 billion budgetary gap by 2004. Cardozo made a two-an…
One of the main documents governing the majority of New York City's co-op buildings is the antithesis of the well-known Oldsmobile ad: it is your father's proprietary lease, and many of its parts are not exactly of-the-minute. Sponsors of …
Getting around in New York City can be difficult, even at the best of times; traffic, crowds, construction, and inclement weather can all conspire against even the most able-bodied city-dweller. The situation can be more troublesome still …
In a case that may well have far-reaching implications both in New York City and beyond, the state Appellate Court, 2nd Department, is currently crafting a judgment that may give the state Attorney General increased oversight in how co-…
The age-old battle between applicants and co-op and condominium boards can sometimes seem like a cunning chess match in which the prospective buyers are pawns awaiting to be knighted with the stamp of approval before they are allowed to…
Ever wonder how that frisky pug got the penthouse window seat in a "pet-free" building? Or how that tabby from 4C manages to saunter down the hall like he owns the place? Thanks to New York City's "pet law," many co-op and condo owners h…
The Uniform Commercial Code (UCC) is essentially an assemblage of various statutes enacted to regulate commercial transactions which - to encourage national commerce - are adopted in the same form by virtually every state. Currently, the…
On June 11, 2002, in one of the most significant court decisions affecting co-op and condo owners in recent years, the New York State Court of Appeals issued a ruling in the well-publicized case of 511 West 232 Street Owners Corp. v. Je…
In a widely publicized 2000 case, the New York Supreme Court (First Department) issued a judgment annulling New York City's then-newly enacted lead-based paint law, commonly referred to as Local Law 38. The case was immediately appealed,…