Michael T. Reilly Appointed to Cooperative & Condominium Law Committee of City Bar
New York, NY (September 9, 2013) – Michael T. Reilly, an attorney with the law firm of Norris McLaughlin, P.A., was recently appointed to the Cooperative & Condominium Law Committee of the New York City Bar Association.
”It is my pleasure to join the Cooperative and Condominium Law Committee. I look forward to the opportunity to contribute to the efforts of the committee to address the issues that impact our industry,” said Reilly.
The Committee addresses issues in a variety of areas pertaining to cooperative and condominium housing law. These areas include changes in the policies of lenders and working with lenders to address changed policies and other issues (both with respect to end loans and underlying mortgages), recent legislation in the New York State Legislature and in the New York City Council, discrimination in coops and condos, reasonable accommodations, and issues between boards and apartment owners. Members speak regularly with the Office of the Attorney General Real Estate Finance Bureau and serve on the committees of other organizations to coordinate efforts in the industry.
Reilly, a resident of Westfield, New Jersey, counsels private cooperative and condominium boards on corporate governance matters, financing, contracts, commercial leases and regulatory compliance. He is experienced in sponsor litigation and has successfully represented boards and property managers in shareholder breach of fiduciary duty cases. Reilly also represents cooperatives regulated by the New York City Department of Housing Preservation and Development, the New York State Division of Housing and Community Renewal, and the United States Department of Housing and Urban Development.
Reilly represents individuals, trusts, and corporate entities in the purchase, sale, lease, and financing of residential condominium units, cooperative apartments, timeshare properties, single and multi-family homes, and undeveloped land. He has also advised real estate investors in Internal Revenue Code Section 1031 Like-Kind Exchanges.
In addition, Reilly litigates commercial and residential landlord tenant cases in New York Civil and Supreme Courts. He has also represented condominium boards in common charge collection and unit owner default cases. He regularly appears before city and state regulatory agencies, defending landlords and tenants in municipal, construction, environmental, fire and building code violations.
Reilly earned his LL.M. in Taxation from Boston University School of Law in 2002; his J.D. from Tulane University School of Law, where he was a Notes and Comments Editor for the Tulane Maritime Law Journal, in 2001; and his B.A. in Government from Hamilton College in 1998. He is admitted to practice in New York, the U.S. District Court for the Eastern, Southern and Northern Districts of New York, and before the U.S. Tax Court.