While there are many similarities between co-ops and condos, are the two very different when it comes to things like insurance and liability? The answer is both yes and no. There are similarities, but some significant difference…
The Business Corporation Law, or BCL, is one of the primary statutes regulating operation of cooperative housing corporations. The BCL was implemented over a century ago, and remained more or less unchanged until it was overhauled in 19…
One of the biggest complaints heard by attorneys, managers, neighbors, —and yes, even publications like The Cooperator—from co-op and condo dwellers is that board members do not respond promptly to shareholder/owner complaints, or wors…