Whether it’s a renovation, an emergency repair, or anything in-between, condos, cooperatives, and homeowners’ associations are rarely not spending money on something. And while they may have reserves on hand to pay for its latest project, m…
There is a natural inclination in business to work with those whom you know and trust. Relying on relationships that have developed over time is just a common-sense way to ensure a fair deal from a competent vendor who will perform their jo…
The Tax Cuts and Jobs Act of 2017 represents the first major restructuring of federal income taxes since 1986, and ushers in serious changes to how co-op, condo and HOA owners will benefit from home ownership. In many cases, the new law wil…
Q. Can a condominium board restrict an individual board member from recording an executive (closed) session of a board meeting? —Concerned Resident A. “The direct answer to the question is that a condominiu…
In March of last year, The New York Times reported on an emerging money-making venture among some co-op and condo residents: renting out their spaces for an hour or two at a time to various users, often finding customers through third-party…
Successfully running a condominium, cooperative, or homeowners’ association is no small task. A board and/or management must consider the interests of its residents when making sweeping decisions to benefit the property and those who call i…
Lawsuits are both expensive and time consuming. It might be said that the only real winners in a civil suit are the lawyers. They get paid by the hour, and often in cases of negligence, they receive a substantial portion of the award or se…
In today’s litigious society, lawsuits are an unpleasant fact of life. Everyone has a gripe – and that gripe can often result in legal action. The questions are, how is your cooperative corporation, condominium association or HOA protected,…
Whether it’s pending Airbnb legislation in various markets; homeowners winning the ability to sue condominium developers for faulty practices; or changes to how boards and managers can transmit meeting minutes to residents, condos and HOAs …
Q. The last presidential contest may have rocked the nation, but it seemed tame compared to some of the elections we’ve had at our association. It seems every election is contentious, and sometimes they get downright nasty. Opposing “camp…