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  • Home
  • About
  • Team
    • Debra J. Guzov
    • David J. Kaplan
    • Anne W. Salisbury
    • Philip M. Smith
    • Jay Weil
    • Silvia L. Bolatti
    • Donna G. Recant
  • Practice Areas
    • Commercial Litigation
    • Condominium & Cooperative Representation
    • Corporate Transactions & Securities
    • Guzov Solutions
    • Intellectual Property
    • Labor & Employment Law
  • Your GC™
  • News & Insights
  • Case Studies
  • Contact

Co-op and Condo Common Funds

by Debra Guzov | Real Estate Legality, Real Property

Shareholders and owners of co-op and condo units pay maintenance fees (or common charges) every month, but what are these payments going to and how can board members safeguard these funds? Co-op and condo boards owe shareholders and unit owners a fiduciary duty to...

Grading New York’s Co-ops and Condos on Energy Efficiency

by Debra Guzov | Real Estate Developments, Real Estate Legality, Real Property

On December 12, 2015, 197 nations, party to the United Nations Framework Convention on Climate Change, entered into the Paris Agreement in an effort to reduce climate change emissions, maintain the global temperature, and increase green energy sources. After coming...
Noisy Neighbors – How to Deal with Construction Disturbances

Noisy Neighbors – How to Deal with Construction Disturbances

by Debra Guzov | Guzov's Good Advice, Other, Real Estate Legality

In past posts we have talked about how to deal with co-op and condo renovations, so that you or neighbor can enjoy those new bathroom fixtures, but with all construction comes the chaos, the noise and debris. When does the noise from construction become unreasonable?...
Renovation Tips for Your Co-op and Condo

Renovation Tips for Your Co-op and Condo

by Debra Guzov | Guzov's Good Advice, Real Estate Developments, Real Estate Legality

Renovations in condos and co-ops are common, especially for growing families. Board members inevitably will have to deal with a stream of renovation and alteration requests throughout their seat. How can a co-op or condo board ensure that construction runs smoothly in...
The Limits of the Business Judgment Rule

The Limits of the Business Judgment Rule

by Debra Guzov | Guzov's Good Advice, Real Estate Legality

The business judgment rule, adopted from commercial law, permits co-op and condo boards to make decisions without the fear of judicial inquiry. In the 1990 case Levandusky v. One Fifth Ave. Corp. the court held “[i]t is well settled that the business judgment rule...
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ABOUT GUZOV, LLC

Guzov, LLC is a full-service law firm with a culture of collaboration and innovation to better serve our clients. Located in the heart of Midtown Manhattan, with affiliations with firms nationwide and around the world, we serve clients in both the private and public sectors, including Fortune 500 companies across a broad scope of industries. We strive to provide efficient, superior outside counsel to our clients and offer expertise in an extensive range of legal services with core specializations in business litigation, cooperative and condominium representation, corporate and securities, real estate, and intellectual property.

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