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Here's why it's so hard to get condo questionnaires filled out by management companies
… the green light You might assume that filling out questions about your building is a simple copyandpaste formality but … and its financial situationfor example asking questions about special assessments and recent inspectionsto avoid … 98 people and occurred after building managers were warned about major structural damage In December of that year at …
NYC's Prohibited Buildings List banning short-term rentals goes live
… OSE which regulates shortterm rentals and oversees the new registration system Editors Note Over 350 applications were … NYCs Local Law 18 also known as the ShortTerm Rental Registration Law requires shortterm rental hosts to register … governing shortterm rentals Successful applicants receive a registration number to display in listings On the flip side …
New bill would require NYC co-op boards to give reasons for rejecting a buyer
… tell rejected buyers in writing why they are being turned down Anyone whos considered a coop purchase will know the … the deal At any point from offer to interview not only can your application be rejected but the board doesnt need to … for not following the new timeline and risk having to pay legal fees if someone successfully sues a coop for …
Should our co-op board approve purchases or transfers to trusts?
… closing says managing partner James Woods To learn more about Woods Lonergan or schedule a free 15 minute …
Members of our board and the board itself are being unfairly sued. What do we do?
… … Boards and individual board members may get suedoften in the same lawsuitbut it doesnt … rule protects coop and condo boards and individual board members who are carrying out their duties in the usual … provide a defense for the coop or condo and the board members The insurance will also cover losses within the …