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Category: On The Board

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2024 December The President’s Role

What is the role of a board president in a shared-interest community? Is he or she more like a CEO, an administrative custodian, or a figurehead? Depending on the community and the needs and expectations of its members, the answer could be …

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2024 November Local Law 97 Deadline is Coming

As we enter the final quarter of 2024, the first Local Law 97 (LL97) submission period is quickly approaching for New York’s co-ops and condos, with the first annual emissions reports due in May of 2025. Under LL97, owners of buildings over…

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Commercial Leases in Co-ops

Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse.  On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…

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