Category: Law & Legislation

Law & Legislation Listen Up!
2013 June Listen Up!

 While some condos and co-ops are lucky enough to have lawyers serve as members  of their board, the majority of boards don’t have an in-house legal expert. They often reach out to their attorney to  answer questions, vet documents and sen…

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Law & Legislation New York Legislative Update for 2013
2013 June New York Legislative Update for 2013

 The New York State legislative season is here again, and bills of all kinds are  being considered, including housing. Some of these bills directly impact co-op  and condo board members, managers and residents. Housing is also on the agend…

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Law & Legislation After the Storm
2013 June After the Storm

 Fires devastated Breezy Point; areas of Staten Island were destroyed with lives  lost; thousands of residents in Lower Manhattan were plunged into darkness after an  electrical transformer exploded on the East River. These events were amo…

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Law & Legislation An Unusual Assessment
2013 May An Unusual Assessment

 A recent federal appeals court decision on the subject of income tax law stands  to be of great benefit to cooperative corporations around the city,  particularly in light of damage suffered in many buildings from Hurricane  Sandy. Alphon…

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Law & Legislation Verifying Square Footage
Verifying Square Footage

One of our clients recently asked us to investigate the accuracy of their building’s square footage as listed on New York City’s Notice of Property Value. In order to contest the gross building area of a parcel, the city requires an eng…

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Law & Legislation Issues of Accessibility
2013 April Issues of Accessibility

 New Yorkers are a resourceful bunch—we pride ourselves on being able to snag a cab during rush hour, get from the  Upper West Side to Greenpoint in less than three subway transfers, and show no  fear as we battle the crowd at a hot design…

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Law & Legislation Your Building Counsel
2013 April Your Building Counsel

 Abraham Lincoln once said, “Discourage litigation. Persuade your neighbors to compromise whenever you can.  As a peacemaker, the lawyer has superior opportunity of being a good man. There  will still be business enough.”    Certain…

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Law & Legislation Laws Versus Rules
2013 March Laws Versus Rules

 New York's co-ops and condos are both governed by a multitude of laws and rules.  For co-ops, the primary governing documents are the bylaws and the proprietary  lease. For condos, they are the condominium declaration and, once again, the…

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Law & Legislation Applying the Business Judgment Rule
2013 February Applying the Business Judgment Rule

 Recently, the Appellate Division First Department, in Fletcher v. Dakota, Inc.,  involving a shareholder in The Dakota, a historic luxury co-op on the Upper  West Side, held that the business judgment rule does not protect individual  con…

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Law & Legislation Tips for Keeping Legal Costs Low
2013 January Tips for Keeping Legal Costs Low

 In today’s economy, co-ops and condos are looking for ways to cut costs wherever they  can, and many are turning to examining their legal bills. The problem is  two-fold: first off, you don’t want to compromise your relationship with your…

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