Community associations are microcosms of democracy, run by an elected board of volunteers trusted to make good decisions on behalf of the community as a whole. Boards make the call on every large and small issue for their constituency. So i…
Category: Law & Legislation
Removing a disruptive, abusive, non-paying, or otherwise problematic tenant from a rental building is relatively easy. Doing the same thing in a co-op is also possible, though substantially harder. But removing a condo owner from the premis…
The viability of the 421-a tax abatement was up in the air last month as the New York State Senate passed sweeping reforms via a rent regulation bill which has caused quite a stir in the real estate community. After pushback from developer…
This past spring, New York City took a huge step in confronting the threat of climate change with its own version of a ‘Green New Deal.’ On April 18, the City Council passed the Climate Mobilization Act, a package of bills aimed at getting …
Two Manhattan condo owners who allegedly converted their apartments into illegal micro-units are now in hot water. The New York Post reported about one owner at 165 Henry Street on the Lower East Side who is accused of transforming h…
First-time condo buyers will be getting a break from the government regarding mortgages. The Associated Press reported Wednesday that the Federal Housing Administration has revised its current guidelines to make it convenient for those…
Co-op residents are used to restrictions on who may live in their unit, for how long, and with whom. Thanks to the proprietary lease, boards have extensive power over these issues, and generally forbid practices including subletting - the m…
Thanks to a court decision last week, plans to build a controversial luxury development on the Lower East Side have hit a snag. The New York Times reported that a State Supreme Court judge in Manhattan ruled that the project -- known as …
An Upper West Side condo board experienced a setback to stop the city from creating a protected bike lane along Central Park West. Curbed reported yesterday that a Manhattan Supreme Court judge dismissed 25 Central Park West board's mo…
Located at 575 Park Avenue, the Beekman, a co-op that sits at the heart of one of the most exclusive, expensive and sought-after neighborhoods in the world. How expensive? Well, two-bedroom apartments in the Beekman can command $2 million a…