The New York State Department of Taxation recently issued a Letter Ruling--an official document that provides guidance on how certain tax laws are to be interpreted and applied-- stating that licenses for parking and storage spaces are now classified as interests in...
When it comes to allowing adult children to live in a co-op without the shareholder, a host of questions come into play, including the co-op’s rules about subletting and the terms of the proprietary lease. In a prior post about subletting a co-op, we explained that...
Buying an apartment through a Limited Liability Company or LLC may be a way to limit personal liability or protect assets, but it may not be a viable option. Even if it is, it might not be worth the trouble. In the first instance, the purchase of a cooperative...
The Eleventh Circuit, in a split decision, ruled that the National Apartment Association and four landlords did not show irreparable harm to justify enjoining the federal eviction moratorium. The majority determined that the property owners and rental agencies...
Sexual harassment may be an actionable offense under the Fair Housing Act. Judges in the Eleventh Circuit, which consists of districts in Alabama, Florida, and Georgia, suggested that a Florida trial court judge wrongly determined that sexual harassment is not...
Now that vaccine efforts are well underway , the question on everyone’s mind is whether businesses and other private entities can bar the unvaccinated from entry. Boards in co-ops and condos, particularly regarding gym use, are not excluded from this discussion. At...