As we are approaching the end of 2020, boards, managing agents, and owners should ensure that they are in compliance with Local Law 87, which requires, among other things, “energy audits” and “retro-commissioning of base building systems” that affect virtually every apartment building in New York City, whether a cooperative, condominium or rental. This ordinance has broad-ranging requirements affecting every significant building system, specific reporting requirements, and financial penalties for failure to comply.
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