Tag: Real property law

Q&A Q&A: When a Shareholder Falls Ill
2011 April Q&A: When a Shareholder Falls Ill

Q My ex-[husband] owns his co-op but has become diagnosed as mentally incompetent after a stroke. He is in arrears on maintenance and the co-op is seeking to evict him. He will be homeless. Also if the co-op takes his apartment, wil…

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Management Managing in the Economic Downturn
2011 January Managing in the Economic Downturn

Job losses. Bankruptcies. Foreclosures. These are tough times for everyone, but when homeowners fall on hard times, they are often late paying their condo or co-op fees. Some can’t even afford to pay them at all. Add in contractors and …

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Q&A Q&A: Where There's a Will?
2010 Nov Q&A: Where There's a Will?

Q I own a co-op apartment in the West Village and my girlfriend owns a house in Bucks County, PA, but works in New York City. We both want to enter into a mutual "living estate" will where either of us will have the right to live in …

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Finance Paying Up
2010 July Paying Up

 While news of defaults, liens, and other financial train-wrecks have dominated  the news and caused many building boards plenty of sleepless nights, co-ops  have been lucky. While a spike in defaults on maintenance payments over the  last…

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Design The Deciders
2010 May The Deciders

Architecture that liberates the space, light and air” … “Natural beauty in Fort Greene” … “Sophisticated style, fabulous kitchens, fabulous bathrooms” … “The convergence of fine living and fine lifestyle.” These phrases are all …

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Management Do Good Fences Make Good Neighbors?
2010 Jan Do Good Fences Make Good Neighbors?

 With land so developed, it is sometimes impossible for New York City property  owners to build, repair or improve their own property without accessing their  neighbor’s. But if your neighbor is unwilling to grant you access, what is your …

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Q&A Q&A: Condo Foreclosure
2009 Nov Q&A: Condo Foreclosure

Q I am three months behind in my homeowner’s association payments. Can the condominium foreclose on my unit? My mortgage payments are up to date, and I called my lender who said, ‘no, they cannot foreclose.’ What do you say? I wrote a…

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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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Management Relations Hiring the Pros Who know
2009 Jan Hiring the Pros Who know

Tax time is coming soon, and a time no one really enjoys will likely be even less fun thanks to the current recession. In the case of condo and co-op buildings however, accountants and attorneys may be able to help the communities they…

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