Category: On The Board

Law & Legislation Handling Litigation
2016 June Handling Litigation

No one likes a lawsuit. Whether filing one or finding yourself on the receiving end of one, they can cause stress, anxiety and an upending of daily life. They can be expensive, take months—even years—to resolve, and often result in hurt fee…

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Law & Legislation Co-op vs. Condo
2016 June Co-op vs. Condo

So, you’ve decided to buy an apartment in the tri-state area. Congratulations—that’s the easy part.  Now you must choose whether to buy into a cooperative or a condominium. That’s harder. Significant differences exist between the two model…

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Law & Legislation Legislative Roundup
2016 June Legislative Roundup

The legislative season is upon us, and in many states, bills specifically dealing with co-ops, condos and HOAs are wending their way through the legislative process. Even when bills aren't aimed directly at those forms of home ownership, ma…

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Law & Legislation Tax Break for Maintenance Fees?
Tax Break for Maintenance Fees?

Homeowners have mortgages, and renters have rent. What about co-op and condo residents? They have mortgages AND they have maintenance fees, and when maintenance fees climb high enough it feels like condo owners are paying a mortgage and ren…

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Board Operations Are Large Assessments Avoidable?
Are Large Assessments Avoidable?

Take a trip with me across the beautiful Hudson River, to West Orange, New Jersey, where homeowners in a condominium community are currently being billed an average of $30,000 per household to replace faulty siding. As reported by CBS New…

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