In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium—commonly referred to as “condo”…
The 2015-16 New York State Legislative season is here, and on the table are many housing-related bills, many of which directly impact co-op and condo board members, managers and residents. Housing is also on the agenda in the New York City…
Rare in all but a few cities around the country, residential co-ops are by far the most prevalent type of owner-occupied apartment in New York City, outnumbering condos by 3-1 by some estimates. According to a study commissioned by N…
For co-ops, condos, and HOAs, insurance premiums are some of those quiet necessities that tend to fly under the budgetary radar until it is time to examine the bottom line, provoking a search for savings. Without a doubt, insurance e…
The Community Right to Know Regulation (RTK) was signed into New York City’s ordinances under the Bloomberg Administration in an effort to protect residential tenants, building personnel and emergency responders. The original legisla…
Living in a co-op or condo means living in a community where residents get to know each other, attend events together and, sometimes, even become really close friends. In most cases, the people you meet are normal, down-to-earth folks, but…
One of fastest growing segments in New York area real estate is the increased popularity of boutique condos and co-ops. According to Propertyshark.com data, there are about 5,000 condo or co-op buildings across the city that have between j…
Condo and co-op communities are governed by an array of legal mechanisms, including state and local laws and the community's own governing documents. Governing documents such as the proprietary lease, condo declaration, bylaws, and house r…
In any co-op or condo association, as with any decision-making body, meetings are essential for influencers to gather and make choices that best represent the interests of their communities. However, these meetings do not—and cannot—…
You may live in the most well-run and self-sufficient building in the city, but no building is an island, not even in developments from the sprawling Stuyvesant Town- Peter Cooper Village in Manhattan to Co-op City in the Bronx to the smal…