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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Co-ops and Condos Exempt From Preparing a Business Safety Plan

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...

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