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Approvals (purchases, alterations, refis, subletters, pets)

Manhattan skyline
Sell
How should co-op and condo boards navigate seller-financed purchases?
By Jennifer White Karp |November 8, 2023 - 2:30PM
white and brown concrete
Board operations
What are the responsibilities of a co-op or condo board?

… building Apartment owners are limited to voting for the handful of neighbors who get to make those decisions Some … … Documents Bylaws  House rules  Staff manuals Service provider agreements Capital improvement contracts … operation Oversees and reviews  Property management  Staff  Service providers  Admissions Reviews and approves buyers …

By Tina Larsson |October 10, 2023 - 12:30AM
On laptop diverse people
Legal
What questions are illegal to ask a buyer during a board interview?

… When interviewing a prospective buyer its illegal to ask anything that falls under federal antidiscrimination laws and protected categories as defined under New York City … laws For instance your board cant turn someone down from buying into a coop because they think theyre too young or …

By Holly Dutton |October 10, 2023 - 12:30AM
Manhattan apartment buildings
Negotiating + Financing
Here's why it's so hard to get condo questionnaires filled out by management companies
By Jennifer White Karp |August 17, 2023 - 4:00PM
condo and office buildings in downtown Manhattan
Sell
There's a semi-secret list of NYC co-op and condo buildings that are off limits to certain mortgage lenders
By Jennifer White Karp |April 5, 2023 - 1:30PM
Traveling Man Arriving with Suitcase to NYC Residence Enters Doorway
The Market
NYC's Prohibited Buildings List banning short-term rentals goes live
By Jennifer White Karp |March 6, 2023 - 5:05PM
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Co-ops
New bill would require NYC co-op boards to give reasons for rejecting a buyer

… Williams would require  coop boards to tell rejected buyers in writing why they are being turned down Anyone whos … bills before the City Council address the timeline for buying in a coop and a requirement to provide timely … penalties imposed on coops that dont comply with the law from $1000 to $25000  Geoffrey Mazel founding partner at …

By Emily Myers |February 9, 2023 - 2:30PM
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Co-ops
Should our co-op board approve purchases or transfers to trusts?
Sponsored By Woods Lonergan PLLC |June 27, 2022 - 12:30PM
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Troubleshooting
Members of our board and the board itself are being unfairly sued. What do we do?
Sponsored By Adam Leitman Bailey, P.C. |April 21, 2022 - 9:30AM
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