It appears that a federal program aimed at assisting low- and moderate income shareholders in Mitchell-Lama and other subsidized co-op properties through a New York State agency is coming back to complicate, rather than simplify, residents’…
Q. Can an HOA unit owner demand to see a copy of the monthly list of unit owners’ payments? —Seeking Access A. “Yes,” says attorney Aaron Shmulewitz of the New York City firm of Belkin Burden Gol…
Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
Q. Can a unit owner demand to see a copy of the monthly list of unit owners’ payments of the monthly HOA? —Owner Seeking Access to Docs A. “Yes,” says attorney Aaron Shmulewitz of the New York City firm of Belkin Burden Gold…
Q. One of our condo units that the owner was renting out to a tenant is now in foreclosure. But before the unit went into foreclosure, the owner (who has been missing in action) was behind on the common charges and the condo board was tak…
Q. Can a unit owner demand to see a copy of the monthly list of unit owners’ payments of the monthly HOA? —Owner Seeking Access to Docs A. “Yes,” says attorney Aaron Shmulewitz of the New York City firm of Belkin Burden Goldma…
Q. One of our condo units that the owner was renting out to a tenant is now in foreclosure. But before the unit went into foreclosure, the owner (who has been missing in action) was behind on the common charges and the condo board was tak…
A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges? The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…
In a rental building, the landlord has certain rights under certain circumstances to remove a tenant from his property before the expiration of their lease. In a private home setting, the only real path to removing an owner is through forec…
Residents who do not pay their common charges and maintenance are a significant issue for co-op and condo communities—today more than ever. The pandemic and now inflation have created financial pressures on many residents. The lack of predi…