For many people, the defining characteristic of a co‑op building is the board’s power to approve or reject prospective buyers at will. That approval power—unique among housing models in the U.S.—has often been the subject of critique, and d…
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For many people, the defining characteristic of a co‑op building is the board’s power to approve or reject prospective buyers at will. That approval power—unique among housing models in the U.S.—has often been the subject of critique, and d…
The rules governing co-op housing in New York City are constantly changing and evolving. One new regulation with major implications for co-op boards is the City Council’s Intro 1120-B, which went into effect in January after bouncing around…
For decades, New York State’s laws governing cooperatives and condominiums have largely remained the same: co‑op boards make decisions about sales and finances behind closed doors, condos run on their own governance, and residents’ rights b…
In a final legislative onslaught at the end of his term, former Mayor Eric Adams vetoed 19 City Council bills. With Adams now out of office, the Council voted recently to override 17 of these vetoes—three of which affect co-ops and condos: …
As with most questions regarding the functioning of co-op and condo communities, the answer to who can or can’t serve on the board usually lies in the community’s governing documents. To explain that for us today we have Richard Klein, an a…
The heart of community association governance lies in the network of interactions, responsibilities, and relationships that shape board members’ decisions—many of which can create liability risk. Because these everyday activities can lead t…
Despite their sizable influence, and the fact that their members are residents of the communities they govern, co-op and condominium boards are often misunderstood. What can they do? What can’t they do? Can they approve a request from one r…
The question of who can or can’t serve on a co-op or condo board may seem obvious at first; you just have to live in the building and be willing to serve…right? It might not be quite that simple. As with most questions regarding the funct…
In December of 2025, an amended RPAPL Section 881 went into effect with significant changes that clarify and streamline the process to procure access to adjoining properties to effectuate building repairs or improvements when a neighbor ref…
From regulatory standards to liability risks to economic factors, navigating the insurance market is complex for property managers, building owners, and residents alike. Though pricing increases have slowed since 2021-22, premiums are still…