BOARD MEMBERS FILLING A VACANCY IN A NEW YORK HOMEOWNERS ASSOCIATION CAN NOW SERVE THE REMAINDER OF THE TERM OF THE SEAT THEY WERE APPOINTED TO FILL

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 By-Laws and the NPCL, the provisions of the...

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Cuomo Amends NY HERO Act

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 agent. 

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Do Co-op and Condo Boards Have to Play COVID Cop?

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 COVID-related house rules? And What are a board’s...

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Marc Schneider quoted in the Habitat – “Bricks & Bucks – Building Projects in NYC Co-ops/Condos

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-home order. “Rates spiked up to points where it wouldn’t have made sense to go through with...

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