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Is Your Co-Op or Condo ADA Compliant?

A shareholder in your co-op has recently become disabled and your building’s entrance is not fully accessible. Is the co-op responsible for modifying the entrance so it accommodates the disabled resident? Accommodations required by Title III of the American...

Check Your Condominium Purchase Agreement: a License for Use May be Taxed as Real Estate

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...

Should You Buy a Condo or Co-op Through an LLC?

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...

Can Adult Children of Co-Op Shareholders Live in the Unit?

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...

Co-Op Estate Planning in New York City: Two Options and Anticipated Concerns

New York City residents know that there are pros and cons to living in a co-op versus a condominium. One area of contrast is in estate planning, or the transfer of property to a beneficiary upon the resident’s death. Condo owners obtain the rights to the real property...

How to Address Security Cameras and Privacy Concerns in a Condo or Co-op Building

Have you noticed more security cameras in your condo or co-op building, not only in entrances and exits, elevators, and lobbies, but also as part of the doorbells on residents’ hallways? Increasingly, unit owners or shareholders are installing cameras pointed right...

News & Insights

Is Your Co-Op or Condo ADA Compliant?

Check Your Condominium Purchase Agreement: a License for Use May be Taxed as Real Estate

Should You Buy a Condo or Co-op Through an LLC?

Can Adult Children of Co-Op Shareholders Live in the Unit?

Co-Op Estate Planning in New York City: Two Options and Anticipated Concerns

How to Address Security Cameras and Privacy Concerns in a Condo or Co-op Building

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