We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …
Q. This is a very common age-old question in a cooperative. What are my rights for inheriting a co-op apartment if the unit owner unfortunately dies? If a unit owner is deceased and the property is turned over to the estate, what are righ…
Q In our co-op association, we have new owners who have not registered their new certificates. Some have owned for a period as long as four years. Others have purchased as corporations and all it seems have children or parents living i…
“Two shareholders who were on the verge of moving out undertook a repair in their home on their own, not hiring a professionally licensed mason to conduct the repairs. They are now submitting a bill for personal reimbursement. The sharehold…
The media and political buzz surrounding so-called 'homeshare' or 'short-term rental' websites (primarily Airbnb, but also other similar services like Homeaway.com and VRBO.com, just to name two) has been on the upswing over the last year …
Because of resident turnover, the city’s practice of requiring real estate developers to devote a certain percentage of units in new buildings to market- or below-market rate in order to fortify the city's stock of more affordable housing,…
I teach real estate licensing and continuing education courses at New York University and Long Island University. My question is with regard to Form 86, co-op sublets. It is my understanding that New York State law allows a tenant named on …
Winston Churchill once said that “Attitude is a little thing that makes a big difference,” and that couldn’t be more apt for those who live in multifamily buildings. Co-op board members and managing agents sometimes complain that res…
Most New York residents—and certainly most New York attorneys are aware of the Warranty of Habitability. Few may know that its origins are statutory, and fewer still care that it contradicts common law, but most would be surprised by the t…
Everyone wants to feel secure and have peace of mind when they lock their doors each night, but in a multifamily condo or co-op in New York City, you can’t always control who enters your building. Management may have service people come…