Want to Sue? You’ll Have to Pay to Play (NY)
Despite the crazy illogic of it, some cooperatives and condominiums are repeatedly sued by litigious residents who disagree with the board’s decisions. One co-op I represent even had shareholders who were attorneys, which enabled them to sue without charging themselves any legal fees. Meanwhile, the board and the other shareholders had to absorb the cost of defending themselves against these lawsuits. In order to stop this madness, I wrote the following amendment to the co-op’s proprietary lease (and a similar amendment to a condominium’s bylaws): Read the article………….
Being elected to the board of directors of a co-op or condo comes with a great deal of power, and
Major projects within a Condo Association are a part of life. Over time, things break down and need to be
Recently, the Appellate Division First Department, in Fletcher v. Dakota, Inc., involving a shareholder in The Dakota, a historic luxury