Self-management definitely has its perks - autonomy and cost-savings being two big ones - but eschewing professional management also has its downsides. In this video, legal professionals discuss how boards that opt to self-manage can steer …
Given that a condominium or co-op board is charged with representing the interests of a diverse group of homeowners or shareholders, it follows that boards themselves should embody the diversity of their resident population. In New York Cit…
The amount of time and energy invested by board members in the many decisions and projects surrounding the successful functioning of a building community can demand the kind of commitment and dedication required by a demanding part-time job…
Last in a series on housing discrimination. In case you missed our previous three articles, The Cooperator touched on several important and current issues in housing discrimination law and how they affect co-op corporations and condo …
The New York Public Library is calling out a nearby condo building for imposing a $15,000-a-month fee that could hamper the library's renovation of its Mid-Manhattan branch, the New York Post reported yesterday. According to the s…
Even if you're on the board of a tiny, tight-knit building or association, that doesn't mean that you can handle your community's business with a handshake over coffee at the local diner. For the protection and long-term security of your co…
Third in an ongoing series on housing discrimination. Read parts one and two . In this series, The Cooperato r has examined discrimination laws in relation to multifamily buildings. Among the issues we’ve covered included people…
The co-op application process is one of rigor and induced anxiety, whereby aspiring shareholders are scrutinized not only for their finances, but their character and demeanor as well. The length of the review varies by association, but it o…
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…
This is the second part in a series on housing discrimination and multifamily buildings. Click here to read part one. The legal definition of 'physical disability' has changed and expanded over the years. While it might be clear that …