According to Real Estate Weekly , an Upper East Side co-op recently scored legal victory over a litigious shareholder. The co-op, at 12-14 East 64th Street, was granted nearly $400,000 in legal fees in a case that stemmed from flood dama…
As much as a prudent, conscientious board may try to keep a lid on expenditures, sometimes shelling out is unavoidable. When it comes to legal costs though, 'shelling out' can often result in a bad case of sticker shock. In this clip, legal…
There's no getting around some expenses -- utilities, scheduled maintenance, and taxes all have to be paid; but there are some areas where a savvy, informed board can keep costs in check without sacrificing quality of service. Here, a pair …
Lawsuits are expensive endeavors, period. But what about everyday legal costs - contract vetting, sending documents back and forth, assessing prospective purchasers' information, and so forth? How can boards keep a lid on those expendit…
There are some expenses that boards don't have much control over - maintenance supplies, utilities, and fuel, just to name a few - but others can definitely be kept under control, and legal costs are one of them. In this clip, legal pros gi…
Litigation not only can incur huge legal fees for a co-op or condo, it also can sow animosity between residents and boards, or between neighbors. Here, legal pros give some tips on how to resolve conflicts - even major ones - without lawyer…
Nowadays everyone is looking for ways to save money—and co-ops, condos and HOAs are no exception. After all, it takes a great deal of financial support to run a community in accord with residents' standards, so every dollar counts. Funds ar…