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...
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.
First, the window for...
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...
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...
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...
The confusing signals keep coming. The latest confusion surrounds the Business Safety Plan, a document businesses must prepare as the state moves through its phased reopening, outlining steps the business will take to prevent the spread of COVID-19. Some attorneys are advising co-op and condo boards that they're obligated to formulate plans. Others aren’t so...
