Cooperator - Articles - 1996 Dec/Jan

Protection Against Sponsor Default

no@spam.com (Stanley B. Dreyer) — Fri, 12 Jun 2009 09:26:34 EDT

When a conversion sponsor fails to meet his financial obligations, the result can be a default on the underlying mortgage, one of the most destructive catastrophes to strike a co-op. Even a default on the sponsor's maintenance obligations can put a co-op in dire straits. Although there is no ironclad method to protect a building from a sponsor default, a vigilant board of directors can look for early warning signs of a coming onslaught and take precautions accordingly.

Charging Legal Sublet Fees

no@spam.com (Kenneth Jacobs, Esq.) — Wed, 31 Dec 1969 19:00:00 EST

In a recent decision, New York's second highest court ruled that the Hotel Des Artistes coop-erative did not have the authority

Containing Insurance Costs

no@spam.com (Duke Ratliff) — Wed, 31 Dec 1969 19:00:00 EST

Members of the insurance industry do not agree on much, but if they agree on one thing it's that

New Lending Options for Co-ops

no@spam.com (Stacey Cooper) — Wed, 31 Dec 1969 19:00:00 EST

In the first cold day of the season, a group of res- idents and politicians stood in front of the