CTA Game, Set, Match? A great start to the week! The Corporate Transparency Act (CTA) has played out like an exhausting tennis match—rallies, pauses, reinstatements, and more pauses—only for what now appears to be the final set. In a stunning turn of events, after...
Q: Our homeowners association on Long Island has decided unilaterally to take out a seven-figure loan to revamp the recreational facilities. To repay it, the board is diverting our annual assessments away from their intended purpose of funding reserves to repair...
Schneider Buchel LLP is proud to announce Marc Schneider, Esq., founding partner of Schneider Buchel LLP, has been appointed as the third co-chair of the New York State Bar Association's (NYSBA) Condominiums and Cooperatives Committee. This prestigious appointment...
Building strong relationships between boards and property managers is essential for the success of co-ops and condos. In my conversation with Cooperator News New York, I emphasized the importance of clear expectations, well-defined roles, and open communication. These...
This holiday season, instead of a gift, community associations have received a lump of coal: the reinstatement of the Corporate Transparency Act (CTA) filing requirements and the requirement to file Beneficial Ownership Information (BOI) with FinCEN. A recent decision...
Lessons from Habitat’s Legal Talk Series: Bylaw Amendments for Co-ops and Condos
Is your neighbor a hoarder? Marc offers insights on how to address the challenge.
When a New Condo Building Has Problems, Who Pays to Fix Them?
Typically, condo owners are responsible for funding repairs to building systems. But if it’s a construction defect, that changes the playbook.
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...
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