Groucho Marx once famously said, “I wouldn’t belong to any club that would have me as a member.” Not so for many in the world of co-ops, condos, and HOAs. Shared communities often (if not usually) have an application process required for p…
This publication spends a lot of time exploring and explaining the duties and purpose of multifamily boards—the benefits and drawbacks of serving on them, and even the difficulty that many buildings and communities have with motivating owne…
Several new environmental rules are in the pipeline for multifamily co-op and condo communities in New York City. One, Local Law 157 relates to natural gas detectors, and the other, Local Law 88, as amended by Local Laws 132 and 134, requir…
Back in 2021, Congress passed the Corporate Transparency Act (CTA), a federal law requiring most corporations, LLCs, and other such entities to register with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The …
New York City already had the largest, most extensive, most specific list of protected groups in the nation when it comes to housing discrimination. With the New York State Legislature’s passage of the Fair Chance Housing Act earlier this y…
For many co-op and condominium buildings in New York, making necessary repairs under the City’s many local laws requires cooperation from neighboring - often physically adjacent - buildings. You may need access to your neighbor’s roof, or a…
Talk to anyone familiar with common-interest community governance anywhere in the country, and they will tell you the same thing: apathy is rampant among residents of co-ops, condos, and HOAs. Not only is it difficult to get owners and shar…
In multifamily residential communities, where neighbors share common space, amenities, and maintenance—if not actual walls—establishing and maintaining boundaries can be a bit tricky. Physical boundaries are often breached by things like …
It appears that a federal program aimed at assisting low- and moderate income shareholders in Mitchell-Lama and other subsidized co-op properties through a New York State agency is coming back to complicate, rather than simplify, residents’…
Cooperative corporations and condominium associations are collectives of shareholders and owners, respectively. Both are governed by a board, the members of which are typically elected by those same shareholders and owners. Immediately fo…