NEW YORK CITY

An appeals court has reversed the dismissal of one of the suit's four claims.

Access to neighboring buildings for facade repairs and other renovations requires a license agreement, which includes architectural and engineering plans, a noise mitigation plan, and a license fee, with fees being reasonable and proportional to the complexity of the project.

The business judgment rule protects board members from legal challenges, except in cases of bad faith, self-dealing, criminality or other wrongful conduct, and D&O insurance is available to provide coverage for board members.

On-time payment of monthly charges earns redeemable reward points.

Sales declined, but prices jumped by 18.4% in the first quarter of 2024.

Funding ploy could leave the city more vulnerable to critical breakdowns during hurricane season.

Some 25,000 shareholders would be spared from sharp rent increases when land leases expire.

Staff is more than doubling to enforce Local Law 97.

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.

Estate planning options such as trusts, limited liability companies, family limited partnerships, and closely held corporations have become increasingly common in co-ops, providing shareholders with diverse options for asset management and estate planning.