Q. Does the co-op have any liability for a live-in super doing work for shareholders that is deemed the individual shareholder’s responsibility and paid for by that shareholder? —Inquisitive Neighbor A. David…
According to The Wall Street Journal, Governor Andrew Cuomo signed a bill last month requiring limited liability companies (LLCs) entering into residential real estate transactions to disclose the identities of their individual members.…
Following the January 20 inauguration of President Joe Biden and Vice President Kamala Harris, Real Estate Board of New York (REBNY) President James Whelan released the following statement: “New York and our entire nation continue to fa…
Q. I am a shareholder and current member of the board of directors running for reelection in my co-op. At the meeting prior to the election, myself and the attorney for the co-op were engaged in a verbal dispute. The attorney became very …
On Thursday, October 28, 2021 , thousands of board members, managers, building owners, and co-op and condo residents will gather at the New York Hilton Midtown from 9:00 a.m. to 4:30 p.m. for the return of the in-person CooperatorEvent…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 …
If you live in, work in, or provide services for a co-op, condo, or HOA, you know that however harmonious a building or association is in general, there is always that one person—or perhaps more than one—who throws a wrench in the works. It…
Q. We have a shareholder who has filed several frivolous and vindictive complaints against the cooperative with various city agencies. While he always loses, these complaints have cost the cooperative money in attorneys’ fees. His latest …
The trend today is toward a paperless world. Electronic record keeping can reduce costs overall by eliminating the need for physical paper, while also helping to improve our environment and save space. But are electronic records the right …
Just as a ship cannot steer without its captain, a board cannot function effectively without its president. Serving as the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA boa…
The tragic partial collapse and subsequent demolition of the Champlain Towers South Condominium in Surfside, Florida this past June revealed some gaping holes in the structures, governance, and oversight of the country’s multifamily buildin…
The tragic partial collapse and subsequent demolition of the Champlain Towers South Condominium in Surfside, Florida, this past June revealed some gaping holes in the structures, governance, and oversight of the country’s multifamily buildi…
It’s been said that it takes a village to raise a child. It can take nearly that much to run a multifamily building as well, even a small one. Residential communities require the services of a wide array of employees and professionals, rang…
Like the physical neighborhoods around them, the legislative and legal landscape surrounding New York’s co-op and condo communities is constantly evolving. While some changes are hailed as wins for boards and the residents they govern, othe…
When buying into a co-op, condo, or HOA, you’re not merely buying a home—you’re buying into a community. These communities are governed by policies and procedures that typically include prospective member requisites, as well as the methods …
If you live in, work in, or provide services for a co-op, condo, or HOA, you know that however harmonious a building or association is in general, there is often that one person—or perhaps more than one—who throws a wrench in the works. It …
One of the elements of buying into a co-op community that makes the process very different from purchasing a condo unit or single-family home is what’s commonly referred to as the “board package”—the dossier of letters, statements, disclosu…
This fall, several massive storms struck the United States in rapid succession. Hurricane Ida cut a huge swath of damage from the Louisiana coast to New England. Record flooding, tornados, and sustained high winds damaged property in profou…
This summer and early fall, several massive storms struck the United States in rapid succession. Hurricane Ida cut a huge swath of damage from the Louisiana coast to New England. Record flooding, tornadoes, and sustained high winds damaged …
Conflict comes hand-in-hand with living in close quarters—and condominium and cooperative living is a prime example. Most dust-ups between neighbors involve run-of-the-mill issues like noise or hallway clutter, and can be settled with a cor…