New York Condo & HOA News
- Wantagh-Seaford Homeowners Association meeting addresses community issues (NY) May 4, 2024
Community members packed the Wantagh American Legion hall for the meeting, which was hosted by the Wantagh-Seaford Homeowners Association to address those concerns and to discuss the Neighborhood Watch program. Read the article…………………………….
- What you can expect to pay for NYC condo or co-op insurance May 3, 2024
New York City has never been particularly cheap, and annual insurance costs make living in the city even more expensive for condo and co-op owners. Condo and co-op insurance—which protects your individual apartment—normally runs several hundred dollars a year. But premiums have gotten more expensive since 2020 thanks to inflation, higher construction costs, and a slowdown in the supply chain, said Loretta Worters, vice president of media relations at the Insurance Information Institute. Read the article…………………………….
- LIC Condo Board Settles Wage Dispute with Service Workers (NY) April 23, 2024
There’s no such thing as a free lunch — or a free tax break. The popular 421-a tax abatement, for instance, comes with the requirement that a building receiving the tax relief must pay its non-union employees prevailing wages, which are pegged to the wages and benefits enjoyed by members of Local 32BJ of the Service Employees International Union. Read the article…………………………….
- In a luxe N.Y. condo, residents battle over dumping the Trump name April 19, 2024
A referendum underway inside one New York condominium building has led to bitter divisions between once-friendly neighbors, who have handed out dueling information and lobbed accusations of wrongdoing back and forth as votes are tallied. Read the article…………………………….
- Fire in Chester condo complex destroys several units (NY) April 17, 2024
A fire in Chester Tuesday destroyed several units inside a condominium complex. Chester Fire Department Chief Thomas Marchiano says the flames broke out in the afternoon at the Whispering Hills condominium complex inside a garage and spread to the apartments above. Read the article…………………………….
- Queens Condo Mgmt Must Pay $119K For Workers Stiffed Out Of Benefits (NY) April 11, 2024
Managers of a swanky Queens condo building stiffed workers out of benefits they were entitled to receive under the terms of a lucrative tax break, said city Comptroller Brad Lander. Choice NY Property Management must pay $119,000 to its workers at The Jackson, a condominium in Long Island City, according to a wage theft settlement reached by Lander this week. Read the article…………………………….
- Somers community says HOA refuses to fix massive sinkhole (NY) April 7, 2024
“Ten years ago, we saw a sinkhole was developing so we notified the homeowners association. They told me there’s no imminent danger here, and I said ‘Well, let your grandchildren come play back here,”‘ he says. He says he’s reached out to the homeowners association about 30 times over the years about this. Read the article…………………………….
New York Condo & HOA Articles
- The Headless HOA (or Co-op or Condo) Can a Common-Interest Community Exist without a Board? (NY)
CooperatorNews recently received a question from a reader along these lines. The individual is the current president of her association in an unspecified city. She and her current board colleagues all plan to step down this year, but no one from her 20-unit building submitted their candidacy paperwork when the notice to do so was distributed. Read the article…………………………….
- Is it Possible to Contest Assessments by Co-Op and Condo Boards? (NY)
Co-op shareholders and condo unit-owners dread the news that their board is levying an assessment on top of monthly charges. Lately, that dread has shaded to raw terror as boards grapple with ways to pay for costly retrofits that might be required to bring their building’s carbon emissions into compliance with Local Law 97. Read the article…………………………….
- Co-Ops and Condos Are Exempt From Good Cause Eviction Law (NY)
Good Cause Eviction bills have been bouncing around Albany for years, and most co-op and condo boards have viewed them as a bad idea, one more unwelcome governmental intrusion. The state Legislature has finally passed a Good Cause Eviction bill, but it is limited in scope and, crucially, it will not apply to co-ops and condos. Read the article…………………………….
- Understanding Fiduciary Duty For Co-op and Condo Board Directors (NY)
Serving as a board director entails a range of obligations, and it’s not uncommon for newcomers to underestimate the scope of their responsibilities. Individuals are drawn to board positions with varied motives, ranging from personal interests to community objectives or concerns about finances. However, despite their eagerness to contribute, most new board members are unaware of the depth of their obligations until they step into their roles. Read the article…………………………….
- Pool Preparations for Your HOA
Summer is just around the corner, which means it’s almost time for pool season. Maintaining the perfect oasis is about more than just warm weather and water. Creating a safe, positive environment for residents to escape, unwind, and make cherished memories requires an ongoing process of routine checks, equipment upgrades, and meticulous planning. Read the article…………………………….
- Community Association Boards: How Documents Protect or Expose Your Decisions
Community association governing documents offer a framework for board actions, but it’s imperative for boards to carefully follow them to ensure protection and validity of their decisions. Decisions and actions must be supported by the provisions in these documents and other applicable laws. Read the article…………………………….
- Bill Seeks to Raise Emission Caps, Delay Penalties for Garden Co-ops and Condos (NY)
City Councilmember Linda Lee, a Queens Democrat, has introduced a new bill that updates an old idea. The bill, known as Intro 0772, seeks to delay penalties and increase carbon emission caps for thousands of buildings that must comply with Local Law 97. Read the article…………………………….
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