Unfortunately, we are once again writing to you to advise you of another new law that affects Co-ops, landlords (including Condo and HOA Boards), and homeowners who lease their homes. The subject matter of the new law is regarding potential and historical flooding of...
When Steve Martin’s hit comedy series about life inside an Upper West Side co-op, Only Murders in the Building, runs its course, here’s fodder for a possible follow-up: a tragedy about life inside an Upper East Side condominium. A fitting title would be Only...
The New York State legislature has delivered some good news for New York Homeowners Association (“HOA”) Boards. Most New York Homeowners Associations are governed by the Not For Profit Corporation Law (“NPCL”). As a result, in the event of a conflict between an HOA’s...
As we leave 2022 and enter 2023, there are some important developments that Boards and managing agents need to be aware of. Electric Vehicle Rights Act On November 22, 2022, Governor Hochul signed a new State law, titled the “Electric Vehicle Rights Act,” which...
Sharyn Briller had just sat down to eat a sandwich for lunch on a hot July day when she got a knock at the door. It was a neighbor in the Port Jefferson Station condominium development where she has lived for more than 20 years. He said her home was on fire as...
On June 11, 2021, Governor Cuomo signed into law several amendments to the New York HERO Act; a law whose main purpose is to ensure that employers have a plan in place to protect their employees in the event of another pandemic, or the emergence of another dangerous...
Two years after overhauling the state’s rent law, lawmakers made a key correction. The Senate and Assembly this month passed a bill that frees co-ops from the Housing Stability and Tenant Protection Act. The 2019 law, which regulates rent-stabilized apartments,...
By: Marc Schneider and Justin Buchel in COVID-19 on March 16, 2021 Laying down the law. As the coronavirus pandemic passes the one-year mark, co-op and condo boards are facing a pair of challenging questions: How far must a board go to enforce...
You may have heard that co-ops can now obtain loans under the federal government’s Paycheck Protection Program (PPP) as a result of their being included in the new Stimulus Bill. The rules governing the inclusion have finally been released by the US Small Business...