When you bought your condo or apartment in New York, the board members gave you a document that stipulated the responsibilities and rights of each party. This document, commonly known as the bylaws, binds both parties to certain obligations. For example, the board...
Many New York residents purchase condominiums because they provide an affordable path to home ownership. People who buy condominiums own the units they live in and pay a monthly homeowners association fee to cover the costs of maintaining and improving common areas...
Many people living in New York reside in cooperatives and condominiums. These residents depend on competent property managers to maintain their standard of living. When it is time to make a change in this important position, those in charge must take steps to ensure a...
Two of the biggest milestones in condo and co-op regulation changes that have happened recently were the Housing Stability and Tenant Protection Act, which came in 2019, followed by the Climate Mobilization Act. This pair of legislative actions seem to have sparked a...
Condominiums are the optimal housing option for many families in New York because they provide certain benefits over single-family units that are important to consider. However, many people have misconceptions about what condominiums are and what the living experience...
You may be considering buying a condominium or cooperative unit in New York. However, like many people, determining which one is the best option for you may feel difficult. There are pros and cons to both condominiums and co-ops that you need to be aware of....
For Brooklyn developers, landlords and other people involved in real estate, tax abatements are a major part of calculating the value and future worth of a project. That means any changes to the rules for how tax abatements work is of great importance. New York State...
If you're looking for a place to live in New York, you've likely heard about co-ops. If not, this term is short for cooperative housing. In this living situation, you and the other residents in a building are all equal owners. While cooperatives are great for some...
Trying to find a new place to live in New York can feel like a gamble. You’re going into a new environment, with no idea what the neighborhood is like or if you’ll fit in. For that reason, you might find yourself looking at purchasing a condo or renting into a...