Whether you serve on a co-op or condo board, manage residential properties, or own an apartment building in New York City, you're constantly balancing rising costs, capital projects, Local Law compliance, and resident concerns. Finding reli…
A co-op or condo owner’s interest in their community is rarely just financial. In most cases, the building is also that individual’s home, which means they’ve got a direct stake in the quality of life therein. For that reason, most of the p…
Spend enough time in building operations and compliance conversations these days, and you’ll start hearing the same message repeated over and over: electrify everything. The implication is simple: if a building wants to reduce carbon emissi…
Along with sharing physical space, co-op and condo residents share a responsibility to pay their portion of the community’s daily operating expenses, its physical maintenance, and its reserves. As vested members of the community they help g…
Condo, co-op, and HOA governance is a test of the most basic form of representative democracy: the shared-interest community. A group of people with a common cause—in this case the health and welfare of their residential community—elects a …
An empty unit can create more than maintenance concerns. For boards, property managers, and landlords, it can also create an opportunity for unauthorized occupancy. Whether a home is vacant between owners, tied up in foreclosure, or simply …
It’s safe to say nearly every co-op or condo community has some kind of legal representation. But who does the attorney for your association or corporation actually represent? The owners or shareholders? The board? Both? Neither? Does it de…
Known officially as the Aland Etienne Safety and Security Act, and colloquially as the Security Guard Wage Law, NYC’s Local Law 61 (LL61) was named in honor of Aland Etienne, a 46-year-old private security officer who was killed while tryin…
If you serve on your board, you already know the job can sometimes feel like a second career. One day you’re drafting the new budget, the next you’re dealing with Local Law inspections, or mediating a conflict between residents. For a volun…
One longstanding challenge for shared interest communities is that of recruiting members to serve on the board and the board’s subcommittees. Given that these are unpaid volunteer positions, many residents prefer to leave the job to others,…