19
Aug
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 adds a new articl...
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19
Aug
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 were the three othe...
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19
Aug
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 infectious ag...
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19
Aug
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, inadvertently limi...
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19
Aug
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 state and local laws and its own COV...
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19
Aug
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 Administration...
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19
Aug
A Jericho banquet hall faces noise complaints as it tries to get a special-use permit to operate as a catering facility. For more than 60 years, the Cotillion at 440 Jericho Tpke. has operated as a banquet hall, but when the owner went to renew its public assembly license in 2016...
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19
Aug
Refi Prime Time – Low Rates Come With Closer ScrutinyView...
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19
Aug
Prior to the pandemic shutdown last March, Donald Einsidler, president of Einsidler Management, was busy helping five different co-ops navigate the refinancing of their underlying mortgages at interest rates just above the tantalizing number of 3%. Then came the state’s stay-at-h...
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19
Aug
If you own where you live — whether it’s a suburban tract house, a farmhouse on 40 acres in Maine or a studio apartment in a New York City co-op — your home is your castle. While there’s no moat around your home like in the Middle Ages, encroachment can happen and that can lead t...
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