Tag: Leasehold estate

Law & Legislation Legal Legends
2012 June Legal Legends

They say there are eight million stories in the naked city, and when you’re an attorney working for a co-op or condo in New York, you may find that some of the best of them are happening to you. While some may think that handli…

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Board Operations Living with a Difficult Neighbor
2012 April Living with a Difficult Neighbor

It’s not necessarily to the degree of the Hatfields vs. the McCoys, the famous mountain clan involved in a decades-long blood feud, but living side-by-side in a co-op or a condo can, needless to say, get pretty heated on occasion. …

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Law & Legislation Negotiating a Building's Ground Rent
2011 September Negotiating a Building's Ground Rent

 Many co-ops in New York lease, rather than own, the land beneath their apartment  building. For the board of a leasehold co-op, navigating a contested land valuation, in  which the amount of the co-op’s ground rent is determined through a…

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Criminal Liability for Cooperatives
2011 April Criminal Liability for Cooperatives

Two state laws make the illegality of a tenant’s use of rented premises a matter of considerable concern to property owners of all kinds, including cooperatives. One empowers local prosecutors to bring eviction proceedings against both …

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Q&A Q&A: Raising Our Rent?
2011 February Q&A: Raising Our Rent?

Q I live in Cobble Hill in Brooklyn and our building is going through non-eviction condo conversion. Can the landlord or sponsor raise our rent for major capital improvements even if the building converts, or does the sponsor pay the…

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Management What's New for Co-ops and Condos
2011 January What's New for Co-ops and Condos

 As managers, residents, and board members of the city's residential buildings  gear up for 2011, sweeping up the tinsel and cookie crumbs leftover from holiday parties isn't the  only job at hand. From bedbug disclosure rules to a propose…

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Q&A Q&A: Irresponsible Board President
2009 Oct Q&A: Irresponsible Board President

Q The board of our HDFC co-op is not fulfilling the needs of the building or maintaining its upkeep. The building structure is deteriorating, and the intercom system has not been working for over a year. Since the death of our last …

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Finance Struggling to Strike a Balance
2009 July Struggling to Strike a Balance

When you walk down many large commercial thoroughfares in New York, whether it’s Fifth or Madison Aevnue in Manhattan, Kings Highway in Brooklyn or Main Street in Flushing, you’re sure to notice many more empty stores than usual—living p…

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Q&A Q&A: Foreigners in Flats
2009 April Q&A: Foreigners in Flats

Q We live in a medium-sized co-op in Chelsea with seven apartments per floor. It is clear to me that a woman who lives on our floor is using one or two of her bedrooms as a bed and breakfast (B&B). She must advertise on something lik…

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Finance New Options for Co-ops
2008 July New Options for Co-ops

As many readers are by now aware, a rule that proved a hindrance to the operations of many co-ops in New York was drastically altered in December of last year--and the changes are having far-reaching effects on the city's co-op communities.…

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