Coop/Condo Boards - Share the Workload
As anyone who has volunteered to serve on a Cooperative or Condominium Board of Directors or Managers has q...
Rules For Accepting Pre-Paid Rent Or Maintenance – Such Funds MUST Be Segregated!
There are occasions when a tenant, including a tenant/shareholder of a cooperative or a tenant of a condo u...
Key Differences Between a Cooperative and a Condominium
There are several material differences between residential buildings that are created as a Cooperative or a...
How Much Is Too Much? When a Late Fee Becomes Unreasonable
Landlords may not impose a late fee for past due rent unless the lease or rental agreement provides for it....
Increases to New York State Transfer Tax and Mansion Tax
As part of the 2020 budget, the New York State Senate and Assembly increased New York State’s transfer tax ...
Right To Recover Attorney’s Fees Called Into Question
A recent case has caused some concern among boards, managing agents, and attorneys about whether the typica...
Death of a Shareholder – Having No Family Does Not Mean Profit for the Cooperative
When a deceased shareholder of a cooperative apartment has a family member, an administrator or an executor...
Getting A Default Judgment In A Nonpayment Proceeding
You’ve served your rent demand, no payment. You’ve started your nonpayment proceeding, no answer.