Category: Law & Legislation

New York City's eight million hardy souls are used to a lifestyle in which the best of everything is at their disposal. But now residents may have to do more with less as the city struggles to find its way out of a deepening fiscal crisis.…

With all the recent concern over environmental hazards in residential buildings - mold, funguses, and various allergens - it makes good sense to discuss one of the most dangerous of the invisible problems that can plague a home or building…

In a decision with profound repercussions throughout the co-op community, the New York Court of Appeals decided last month to allow the application of the business judgment rule in situations involving so-called "objectionable tenants." …

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 …