Q I received a letter, dated May 4, 2015, stating that I have an illegal tenant occupying my unit. It stated that all unit owners must inform management about any tenants and provide proper paperwork, including names, phone numbers, and …
In a city like New York, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds, with more co-op and condo owners than ever renting out their units to short-s…
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 …
We have a co-op building with 47 apartments. The original sponsor (say Owner A) established the co-op long ago. In 2012, he sold his ten apartments to Person B, then B sold them to C in 2013. As per the offering plan, Owner A is a sponsor. …
Effective December 3, 2014, all residential leases in New York State now require a notice to residential tenants about the presence of absence of sprinkler systems in the “leased premises.” The new law, however, while defining what a…
My grandmother purchased shares from a HDFC co-op in 1995 for $250. When she passed away, the president of the board explained that since there was no notarized letter signed by her willing the apartment to someone that the family had lost …
Working together is something we all must do in one or many ways pretty much every day. But it’s a rule of thumb that’s easy to forget, given the varying pressures of a 21st century economy and the needs of businesses to profit, and of res…
Q Can a non-owner's spouse remain in a co-op apartment when the shareholder spouse vacates the marital residence but the parties remain husband and wife? —In Name Only A “The short answer to this inquiry is that it depends upon …