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Almost as if by coincidence, given last week’s historic rains and flooding, New York State has recently passed two laws that provide some answers for homeowners and renters affected by the intense weather event. The first, Section 231-B of …
As we head into the final quarter of 2023, what factors are contributing and controlling the co-op and condo market? To a great extent, the same factors that have controlled it for the past few years: stubbornly high interest rates, the lin…
The New York State Department of Taxation and Finance recently took the position that a revocable license granted for a parking and storage spaces in a condominium building constituted a conveyance of real property under Article 31 of the s…
The doubling of interest rates in the past 18 months has certainly had a chilling effect on sales of all types of private homes, whether they be condos high in the sky, co-ops in quaint, pre-war walk-ups, or detached single family homes in …
Yet another new law has recently passed that affects co-ops, condo and HOA boards, as well as residents who lease their units. The law addresses the potential for flooding of leased residential premises due to historic rainfall and natural …
Like dental work and filing income taxes, estate planning is not something most people typically enjoy - and is often put off till it’s too late. This reporter’s own father - who sold life insurance for a living - did not purchase cemetery …
Your building’s lobby and hallways are the first things residents, guests, and potential buyers see - and as the old saying goes, first impressions matter. In a multifamily residential setting, be it co-op, condo, HOA, or rental, cleanlines…
According to a new study by Construction Coverage, a website that provides construction insurance guides, looking at the U.S. locations with the most millennial homebuyers, Millennials—generally regarded as individuals born between 1981…
A new report , Best Practices: Community Association Maintenance , is now available as a free download on the Foundation for Community Associations Research (FCAR) website. Authored by a consortium of legal, engineering, finance, and mana…
You’ve probably seen people of all descriptions playing pickleball - a super-adaptable hybrid that uses oversized ping-pong paddles to lob a hollow, perforated plastic ball back and forth over a tennis net. The game is accessible to players…