Page 3 - CooperatorNews July 2021

COOPERATORNEWS.COM
COOPERATORNEWS —
JUNE 2021
3
TABLE OF CONTENTS
Yale Robbins
Publisher
Henry Robbins
Executive Vice President
Joanna DiPaola
Associate Publisher
Hannah Fons
Senior Editor
Darcey Gerstein
Associate Editor
Pat Gale
Associate Editor
Shirly Korchak
Art Director
Anne Anastasi
Production Manager
Alan J. Sidransky
Staff Writer
CooperatorNews is published monthly by Yale Robbins Infomedia, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and
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FB 1147 (RMU) Mixed-use Real Estate AD Update (The Cooperator) v3.indd 1
FB 1147 (RMU) Mixed-use Real Estate AD Update (The Cooperator) v3.indd 1
3/10/21 1:50 PM
3/10/21 1:50 PM
Peter Chase
Director of Sales
Fred Marks
Director of Sales
L L R .........
As the nation starts to regain a semblance of normalcy with COVID-19 vaccinations on
the rise and restrictions beginning to ease, legislative dockets have filled with bills and
proposals that have ramifications for the co-op, condo, and HOA sector. Here are some of their apartment units for lead within five years of the August 9 start date, per Local Law
the biggies that boards, managers, and residents should be aware of.
L . B ...... .
Co-op and condo living is subject to lots of rules—some of which come directly from
state laws, some from the building or association’s own bylaws, and some from its house
rules. Every state has statutes that govern the operation of residential communities;
every community also has its own set of governing documents, which are almost univer-
sally subject to those state laws—and sometimes go even further than state regulations
in delineating what owners and shareholders can and can’t do on the property.
NYC L P L U ....
As of August 9, 2020, all owners of residential rental properties located in New York City
and built before 1960—including singles and duplexes—MUST test and inspect ALL of
31 of 2020. Owners must have a lead-based paint inspection completed in units that had
or have a child 5 years of age or younger currently ‘residing’ at the property...
P .....................
Q A.....................
F
8.19