Category: Board Operations

Following on the sweeping -- and controversial -- Housing Stability and Tenant Protection Act of 2019, the New York state legislature has proposed a bill that some fear could have disastrous implications for residential real estate acro…

In a recent Real Estate piece, the New York Times explored why and how newer shareholders can successfully integrate themselves into the governance of their co-ops. Five under-45 shareholders who recently joined their co-ops’ b…

After nearly a decade of expansion, New York’s luxury co-op and condominium market has taken an undeniable downturn—and it’s not a gentle slope either.  According to several prominent industry players, prices at the high end of the market h…

Co-op, condo, and HOA boards across the country are made up of volunteers who are committed to the governance of their community. Among their most important duties is selecting vendors to provide goods or services—everything from lawn care …

One of the unique aspects of life in a co-op or condo is that a building or HOA is in many ways a microcosm of the larger world outside. It can suffer from the same factionalism and partisan bickering as any political entity, only on a much…

Of all the duties - and challenges - a co-op or condo board has to keep track of, insurance likely doesn't rank among the most thrilling; but of course that's no excuse to remain in the dark about changes to coverage-related legislation. In…

The governing documents of a housing development—be it a cooperative, condominium, or homeowners association—spell out the rules, regulations, and policies that all unit owners or shareholders are obligated to follow as a condition of their…

It is essential that a community association keep careful records of its financials, rules, and meeting minutes, just to name a few of the kinds of records boards and managers must stay on top of. Not solely because the law often requires i…

For most, living in a co-op or condo association implies at least some level of interest in being part of a larger community. That interest is usually limited to the condo or co-op community itself – but what about the greater community aro…

From getting the news, to finding that ultimate BBQ recipe, or just keeping up with friends and relatives both near and far, social media has become entwined in the fabric of our lives. In fact, Facebook, Instagram, and the rest are so ubiq…