Unlike co-ops, which are governed by the business corporation law and the common law with respect to cooperative housing corporations, condominiums are really a creature of statute. The statute that gives authority to create condominiu…
Category: On The Board
- Board Member 101
- Seminars
- Webinars
- Law & Legislation
- Board Operations
- Management Relations
- Shareholder Relations
Some years ago, an acquaintance of ours worked as a “permit clerk” for a plumber while on summer vacation in college. The plumber would give him paperwork for a work project, he would go to the city offices, and, in theory, he would ge…
In its last meeting of 2005, the New York City Council enacted legislation to make the city a quieter, cleaner and more environmentally-friendly place to live. Perhaps one of the major initiatives sought by the mayor’s office was revis…
Few experiences can rattle the collective confidence of a co-op or condo community as much as charges of fraud. Trusts are broken and faiths betrayed, all in the name of personal gain. Boards and residents can protect themselves, thoug…
Mel Garskof is thrilled about the lobby makeover that will happen in the coming year at the Kips Bay area cooperative building where he lives. The public halls will be renovated, including new wallpaper and carpet, doors will be repain…
Property managers have a lot on their minds. There are board meetings to attend, legal issues to wade through, phone calls to return, emails to answer and a constant parade of maintenance issues to contend with at any given time. The j…
Recently, the Appellate Division, First Department—the state’s second highest court located in Manhattan—announced a decision with far-reaching implications for the state’s condominium owners. In the case Pekelnaya v. Allyn, the court …
This winter, like all before it, is sure to see thousands of New Yorkers suffering from colds, sore throats, and run-of-the-mill-but-always-inconvenient flu. While fatigue, headaches, and even nausea are miserable in and of themselves,…
David Sack has lived in the West Village John Adams apartment building since 1998. The building is a 21-story, 404-unit, white-brick apartment complex built in 1963 and converted to a cooperative in 1980. When David moved in, he…
The Business Corporation Law, or BCL, is one of the primary statutes regulating operation of cooperative housing corporations. The BCL was implemented over a century ago, and remained more or less unchanged until it was overhauled in 19…