Tag: WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP

Board Operations Knowledge is Power
2013 April Knowledge is Power

 While essential to the successful operation of all cooperatives or condominiums,  the contents of governing documents are often only glossed over by otherwise  well-intentioned boards members and managing agents leading to potential  pitf…

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Law & Legislation Your Building Counsel
2013 April Your Building Counsel

 Abraham Lincoln once said, “Discourage litigation. Persuade your neighbors to compromise whenever you can.  As a peacemaker, the lawyer has superior opportunity of being a good man. There  will still be business enough.”    Certain…

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Law & Legislation Laws Versus Rules
2013 March Laws Versus Rules

 New York's co-ops and condos are both governed by a multitude of laws and rules.  For co-ops, the primary governing documents are the bylaws and the proprietary  lease. For condos, they are the condominium declaration and, once again, the…

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Management Limits of Board Power
2013 January Limits of Board Power

 Everybody sometimes disagrees with the decisions of their co-op, condo or  homeowners association board. Maybe the choice to rearrange the garbage  receptacles out front seems ridiculous, or the ongoing clattering of machinery  on the roo…

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Q&A Q&A: Park at Your Own Risk?
2012 December Q&A: Park at Your Own Risk?

Q My car was vandalized four times on the co-op’s property. We pay to park there each month. I have paid three times now for the repairs and I think the co-op should pay. There are no signs in the lot saying they are not responsible. …

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Insurance How Much is Enough?
2012 October How Much is Enough?

 Legendary funny man Benny Goodman once said, “I don’t want to tell you how much insurance I carry with the Prudential, but all I can  say is: when I go, they go too!” The comedian hits on all-important issue: how much insurance is too muc…

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Law & Legislation Co-op Board Members Not Held Liable
2012 July Co-op Board Members Not Held Liable

Individual cooperative board members scored a major victory recently in the case of Weinreb v. 37 Apartments Corp., et al, an appellate court decision that relieved them of certain responsibilities when it comes to shareholders' propos…

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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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Real Estate Trends The Debate Rages On
2012 June The Debate Rages On

Concern over health, the environment, and an evolving legal landscape has prompted a number of condo and co-op boards in communities across New York City’s five boroughs to ban cigarette smoking not only in common outdoor areas but in i…

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Management Dealing with Delinquent Owners
2012 May Dealing with Delinquent Owners

By and large, a board and management company can expect payment from residents for monthly fees to be received on time and in full. These all-important funds keep day-to-day operations moving forward without delay. There are situations,…

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