Anyone living in a co-op knows that if they want to renovate their apartment, they will need to sign an alteration agreement. This document is basically a contract between the shareholder and the co-op in which the shareholder agrees to va…
State legislation regulating the payment of contractors and allowing the withholding of payment for shoddy or incomplete construction work, was signed into law by Gov. George Pataki and became effective January 15. The Construction Co…
Mayor Michael R. Bloomberg recently signed legislation increasing the income exemption eligibility levels to help reduce the tax burden on senior homeowners. Intro 265 amends the city's administrative code with respect to the Senior …
Honking horns, noisy refuse trucks, construction clamor, boom boxes and car alarms are just some of the undeniable facts of life in living in the city that never sleeps. Mayor Michael R. Bloomberg, however, hopes to quell these noisy episo…
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…
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…