by Debra Guzov | Real Estate Legality, Real Property
Are there limits on privacy for residents living in co-ops and condos? Yes. Living in a co-op or condo requires residents to make compromises for the interest of the building. In case of an emergency, repair or inspection, the board and building staff are permitted to...
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...
by Debra Guzov | Guzov's Good Advice, Real Estate Legality, Real Property
New Yorkers frequently question whether they are allowed to sublet their apartment, for reasons ranging from financial hardship to overseas assignments. The answer depends on whether you are a co-op shareholder or condo unit owner. Condo residents have more freedom to...
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...
by Debra Guzov | Guzov's Good Advice, Real Estate Legality
In New York, about 75% of residential buildings are cooperatives. From 2000 to 2010, the Department of Aging has recorded that there has been a 12.4% increase of the 60-plus population, which will grow to 35.3% by 2030. Many of these individuals aged 62 and...
