A. It is the managing agent’s responsibility to act as a board’s representative and liaison to the shareholders and unit owners. The agent, as a fiduciary, is subject to duty to act in good faith and so as not to bring “disrepute” upon the corporation and the board of the tenants. Fiduciary duty further obligates […]

A. The most frequently litigated areas are admissions to co-ops and condominiums, disclosure of grounds to withhold consent, discrimination, sales restrictions, bank foreclosure, sublets in co-ops, the right to sublet, roommate, holders of unsold shares, alterations, certificates of occupancy, warranty of habitability, house rules, pet policies, equal opportunities for handicapped people, flip taxes, and mortgage […]

A. Directors and Officers Insurance protects directors and officers of co-op and condos from personal liability against claims of breach of fiduciary duty, bad faith acts, misconduct or negligence, and cover acts that were properly performed while the board members and officers are acting in such capacity.
The policies do not protect officers or directors if […]

For informational purposes only, below please find links to some helpful websites.
   

Automated City Register Information Systems (ACRIS)
http://www.nyc.gov/html/dof/html/jump/acris.shtml
   

Attorney General’s Office
http://www.oag.state.ny.us/home/html
   

Building Code of the City of New York
http://www.nyc.gov.html/dob/html/reference/code_internet.shtml
   

City Marshal
http://www.nyc.gov/html/mccm/html/home/home.shtml
   

Department of City Planning
http://www.nyc.gov/html/dcp/home.html
   

Community Housing Improvement Program
http://www.chipnyc.org
   

Council of New York Cooperatives
http://www.cnyc.coop
   

Department of Buildings (DOB)
http://www.nyc.gov/html/dob/html/home/home.shtml
   

Department of Environmental Protection
http://www.nyc.gov/html/dep/home.html
   

Department of Finance
http://www.nyc.gov/html/dof/html/home/home.shtml
   

Department of Housing Preservation & Development (DHPD)
http://www.nyc.gov/html/hpd/html/home/home.shtml
   

ECourts
https://iapps.courts.state.ny.us/index/html
   

Federation of NY Housing Cooperatives […]