Most of us hold our co-op shares individually or jointly with a spouse or partner. Co-op shares can be also held in a trust. Which is the best choice? CooperatorNews asked Hal Coopersmith, principal of Coopersmith & Coopersmith, a law fir…
Hiring outside contractors is simply part of running a co‑op or condo community. From routine repairs to major capital projects, boards rely on vendors to keep buildings operating safely and efficiently year-round. In many cases, the board …
The National Housing Conference (NHC) issued an urgent call to action on May 12, throwing its full weight behind a revised bipartisan housing package currently moving through Congress. In a recent press statement, NHC President and CEO Davi…
The ever-changing, often unpredictable nature of their industry requires professional property managers to be adaptable. On any given day, a manager might find him- or herself dealing with issues ranging from managing a major capital repair…
So you've decided to join your board. Good for you–after all, decisions are made by those who show up! Unless you already have a deep bench of administrative or governing experience, it’s more than reasonable to expect that there will be m…
In a crowded urban environment like New York City, personal space is limited, valuable, and jealously guarded. With dwelling units stacked atop each other and sharing walls, any activity on the part of a neighbor may encroach on the use and…
For many New Yorkers, their residence is the largest asset they will own during their lifetime. And while nobody likes to contemplate the end of that lifetime, with an estimated 700,000 co-op apartments in New York City, and roughly 75% of …
One of the unique characteristics of shared-interest communities like condos and HOAs is their reliance on timely payment of residents’ monthly common charges as the primary—if not sole—income stream from which the building or association’s…
Many multifamily buildings throughout NYC are plagued with ventilation problems, leading to a host of issues including poor indoor air quality (IAQ), lingering odors and allergens, hot/cold zones, and high energy waste. Learn how One50 West…
The City Council's recently-passed “Timing” bill imposes strict deadlines on co-op and condo boards for processing purchase applications, and the looming “Reasons” bill threatens to mandate written explanations for rejections. This seminar …