As more and more new condominium construction projects are built, completed and sold off (as well as cooperatives and homeowners associations, although less common) there has been a correspondingly large number of what have come to be known…
Most board members can use all the help they can get when it comes to understanding the rules, laws, and other factors that guide how they will help govern their community. Senior board members are a terrific source of information, as is a …
"I wish someone had told me the nuances of trying to cultivate a community while also trying to manage a business,” said Pat Burke, the current president of the Fieldstondale co-op in the Riverdale section of the Bronx, when asked what he w…
When looking to buy or sell a unit in a condominium or cooperative, the layman may be forgiven for feeling overwhelmed. In the cutthroat world of New York City real estate, stakes are high, and to expect anyone who is undergoing a move to b…
Even the best boards can use a shot of 'new blood' now and again - for new ideas, fresh perspectives, and to give everyone in the community a chance to help govern it. But attracting new board members can be challenging. Listen to what a fe…
As in any healthy marriage, an association board and its manager must be compatible or else the relationship will oftentimes end in a messy divorce, experts at a Community Associations Institute (CAI) Big Apple panel told an audience of …
On the heels of a nationwide recall of a half-million hoverboards by the U.S. Consumer Product Safety Commission (CPSC) due to a fire risk, co-ops, condos and HOAs are warily looking at ways in which to ban the usage of these two-whe…
A condo board with a multimillion-dollar lawsuit, three years of aggravation and ulcers all around. Everyone wants to feel heard, and, particularly in conflict—when emotions are often inflamed—it’s easy for understanding to be compromised…
On July 16, 2015, the Real Estate Finance Bureau of the New York Department of Law issued “Guidance on Housing Development Fund Corporations Seeking to Transfer or Sell Property for, or Otherwise Convert Property to Market-Rate Use” (the “G…
State legislation and city ordinances can provide a condo, co-op, or HOA board with guidance on how to effectively deal with a disruptive or unruly shareholder—someone whose abusive, harassing, inappropriate or chronically litigious behavio…