It may sound like an oxymoron, but in the world of co-ops there is such a thing as “bad income.” The federal tax code requires that cooperative buildings receive at least 80 percent of their income from their shareholders—usually in th…
This is a transitional time for the New York City Council. This year, there is a new City Council Speaker in the person of Christine Quinn, a Democrat from District 3 on Manhattan’s Lower West Side who, since becoming speaker, has anno…
Considering that she’s still a few months away from turning 40, Christine Quinn, Speaker of the New York City Council, has achieved a great deal in politics and is thought of as the second most powerful figure in city government, after…
It took a rally, a march up Park Avenue, and some heated late-night negotiation sessions, but on April 21, 2006, the Service Employees International Union (SEIU) Local 32BJ and the Realty Advisory Board (RAB) were able to compromise on…
New York State has a number of laws to protect consumers—there’s a law designed to protect people who invest in a car and end up with a lemon, for example. If a car has been in a serious accident, the seller has to disclose that inform…
They say that two heads are better than one—but what about eight? It seems that when a group of people in the same line of work get together to discuss what they do and how they do it, they often come away with new information, fresh p…
All communities, be they nation-states, municipalities, or co-op or condo buildings, have rules. Respect for -- and adherence to -- these rules is essential for many people to coexist peaceably in the same communal space. In the co-op …
Question: When reviewing applications from prospective purchasers, can a co-op board treat a married couple differently from an unmarried one without running afoul of New York’s discrimination laws? Answer: Possibly. While court…
If you’re one of the millions of people who have embraced this age of cell phones, BlackBerries, DSL and instant messaging, it’s hard to imagine life any differently. Access to information is instantaneous these days for most people — …
Several interesting court decisions regarding co-ops and condos were made during the latter part of 2005. The decisions received some commentary, but perhaps not the attention that they deserve. In a condo case, the Appellate Court tha…