For estate planning purposes, my wife is the sole owner of our co-op. A recent
change to the New York State law permits assets to be transferred on death by
use of a “Transfer on Death” designation. Like a trust, this avoids probat…
I am the president of a co-op board in Gramercy Park. One of our directors has recently become a licensed salesperson. When announcing this to the board, he indicated that he would recuse himself
going forward from interviewing any …
My co-op is about to engage in a multi-million dollar upgrade energy project.
The board president has decided to not let myself (a newly elected member of
the board) and any shareholder access to review the documents on this project.
I am the vice president of a board in a 10-unit co-op located in Queens with an
unoccupied residential basement apartment that was originally a live-in super’s apartment. We, the board, are exploring the possibility of renovating it an…
Should a real estate developer be involved in construction projects in his or
her building or is it more feasible to let an independent general contractor
with no ties to the developer do the actual construction works?
My co-op is about to engage in a multi-million dollar energy upgrade project.
The board president has decided to not allow me—a newly elected member of the board— and any shareholders access to review the documents on this project. How…
If a building decides to adopt a transfer tax, can they impose a tax when an
apartment is sold to an outsider but exempt from the tax when selling to an
insider? The apartments that have been combined with other apartments, (three
Three shareholders organized the development of 861 square feet of unused
courtyard space behind their building, after having surveyed the building for
interest (57 percent of shareholders responded—of which 70 percent were in favo…
I currently run my family’s construction business and have been doing so since I left management business
over four years ago. Recently, I was asked to renovate an apartment for a
client in a luxurious East Side apartment building. The b…
Our building is seriously considering replacing our present cable television
with a satellite dish system. Cablevision installed TV cables and equipment in
our hi-rise residential condo building several years ago, and has continued to…