Real Estate Legality

Home » Real Estate Legality

Whose Insurance is Responsible for Condo and Co-op Repairs?

Insurance policies are important for condo owners and co-op shareholders to establish who is responsible when a claim is filed. Not only do residents need to understand the terms of their own homeowner’s insurance policy, they should assess the building’s policy and...

read more

Can Friends Purchase a Co-op Together?

A common trend among millennials looking to purchase their first property is buying that property with a friend. Millennials, compared to other generations, wait longer before getting married, so it is becoming more common for them to buy their first property with...

read more

Board Members Litigating Against the Board

Co-op and condo shareholders and unit owners elect board members to execute the day-to-day decisions if the building. Board members owe a fiduciary duty to protect the interests of the building. A common question that arises is whether board members of a co-op or...

read more

Landlords Beware: The Proposal of the New Harassment Rule

New York City’s Department of Housing Preservation and Development (HPD) has proposed new rules requiring landlords of certain buildings to acquire a certificate of no harassment from the HPD before the Department of Buildings (DOB) can approve permits for...

read more
Co-ops and Condos Must Adopt Smoking Policies This August

Co-ops and Condos Must Adopt Smoking Policies This August

This summer, co-ops and condos will have to adopt formal smoking policies in New York. Local Law 147, also known as Disclosures of Smoking Policies for Class A Multiple Dwellings, will be enforced on August 28, 2018, a year after it was enacted by the New York City...

read more
Disclosing Repairs to Potential Co-op and Condo Buyers

Disclosing Repairs to Potential Co-op and Condo Buyers

What information must sellers disclose to potential buyers regarding condo and co-op repairs? Repairs can be expensive and time consuming. Co-op and condo boards may take a substantial amount of time when determining how to go forward with certain repairs. For...

read more