HABITAT
How do NYC co-ops and condos operate? Governed by an elected board of directors, these housing corporations are like mini-cities with their own bylaws and governing documents. Here you'll find articles on a wide range of topics that co-op and condo board directors need to understand to govern their housing corporation wisely.
The business judgment rule gives boards broad powers — if they act in good faith.
Understanding Fiduciary Duty For Co-op and Condo Board Directors
Written by Mark L. Hankin, Partner, Hankin & Mazel on April 24, 2024
New board directors often underestimate the scope of their responsibilities when they assume their roles, including the financial complexities and legal constraints of managing a co-op or condo, the importance of a code of ethics, the need to declare conflicts of interest, and the importance of reading the bylaws and governing documents.
There are limits to the reasonable accommodations co-op and condo boards must make.
Emotional Support Animals Must Obey a Co-op's House Rules
March 25, 2024
Distraught shareholders unlikely to get rid of a neighbor's unruly support dog.
Uncertainty Reigns as Corporate Transparency Act Declared Unconstitutional
Written by William McCracken on March 07, 2024
The Corporate Transparency Act, a new federal disclosure law, has been declared unconstitutional by a district court in Alabama, leaving co-ops and condominiums uncertain about its scope and enforceability.
Co-op Board Apartment Buyouts Are Feasible but Rare
February 27, 2024
Unhappy shareholders can ask the board to buy their apartments, but it's not likely to happen.
Tips on When to File — or Not File — an Insurance Claim
Written by Donald Schatzle on February 23, 2024
There are ways for co-op and condo boards to soften today's hard insurance market.
Happy Presidents' Day
February 19, 2024
The Habitat Group wishes you a prosperous and apolitical Presidents' Day.
Here Are the Top Reasons Why People Run for Co-op and Condo Boards
February 09, 2024
Some board candidates are driven by self interest, others by a desire to serve their community.
The Fine Art of Ousting a Toxic Condo Board
February 06, 2024
Unit-owners must follow the bylaws and the law when trying to remove board members.
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Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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