close

Blogs > New York Co-op and Condo Blog

The Neighborhood

New York Co-op and Condo Blog

Guiding cooperative and condominium board members, officers, managers, and owners in navigating the ins and outs of building management: from the mundane to the unexpected.

blog-banner

Sep 27, 2019

Department of Buildings Adopts Rule Guiding Inspection of Gas Piping: Section 103-10 to Title 1 of the Rules of New York City

On September 13, 2019, the New York City Department of Buildings (DOB) adopted a new Section 103-10 to Title 1 of the Rules of New York City, regarding the periodic inspection of gas piping systems.

Inspections must be completed by a New York City Licensed Master Plumber, or an individual working under a Licensed Master Plumber, who is satisfactory to the DOB.» Read More

Sep 20, 2019

New York Department of State Issues Guidance for Real Estate Professionals Concerning the Statewide Security and Tenant Protection Act of 2019

New York Secretary of State Rossana Rosado announced on Friday, September 13, that the Department of State’s Division of Licensing has issued a Guidance for real estate professionals regarding the Statewide Security and Tenant Protection Act of 2019 (the Act), which was signed into law by Governor Cuomo on June 14, 2019, as we discussed in a previous blog: “Housing Stability and Tenant Protection Act of 2019: Changes for Cooperatives.”

» Read More

Jul 26, 2019

Housing Stability and Tenant Protection Act of 2019: Changes for Cooperatives

On June 14, 2019, the New York State legislature passed, and the governor signed, the Housing Stability and Tenant Protection Act of 2019 (the “Act”).  While the law was directed primarily toward rent controlled and rent regulated housing, it includes substantial changes to the New York State Real Property Law (the “RPL”) and the Real Property Actions Procedure Law (the “RPAPL”), which affect non-regulated housing, including cooperatives.» Read More

Jul 12, 2019

Stopping Short-Term (Airbnb) Rentals

Despite the significant amount of negative publicity generated due to the use of vacation rental sites such as Airbnb and VRBO, short-term rentals continue to be a significant problem in the city of New York. New laws designed to curtail such rentals have worked to a limited extent, but have not come close to stopping this illegal activity altogether.» Read More

Jun 10, 2019

Mechanic’s Lien Waivers in Contracts Are Generally Not Enforceable: Co-op Boards Beware

All too often, co-op boards become entangled in disputes with contractors and subcontractors who perform work, not on the building’s common areas, but within individual apartments for a shareholder or unit owner. Typically this happens when the shareholder or unit owner fails to pay the contractor or subcontractor who did the work, and the contractor or subcontractor then files a mechanic’s lien under New York State’s Lien Law.» Read More

Jun 07, 2019

Maintaining the Economic Health of Your Co-Op by Instituting a “Flip-Tax”

A transfer fee, or “flip tax” as it is commonly called, is a revenue-producing measure utilized by many cooperative buildings.  Typically, an owner pays a flip-tax fee to the building upon the sale of his or her unit.  A flip tax allows the cooperative to generate extra income for the building, enhancing the reserve fund and alleviating annual maintenance and operations costs, without raising maintenance or imposing special assessments upon current owners.» Read More

Want to receive these blogs in an email? Subscribe here: