LLM BLOG
Learn Everything There is to Know About NYC's Condos, Co-ops, and Apartments.
What is an HOA Fee?
Are you thinking to purchase a property and confused about an HOA and its fees?
Read MoreNew York’s Housing Crisis
Years have passed since public housing in New York City received adequate funding from the government to address the deteriorating structures, erratic heating systems, broken elevators, vermin, and other issues that have made it a symbol of neglect.
The nation’s oldest and largest public housing system is currently experiencing a problem that could get worse due to residents’ declining rent payments.
Read MoreHow High of a Credit Score Must You Have to Rent an Apartment
Requirements for a Credit Score There isn’t a one-size-fits-all solution when it comes to credit score criteria. However, when we asked 15 experts, most of them said that you need a credit score of at least 650 to get an apartment without any extra requirements, such as larger deposits, guarantors, or paying extra rent in…
Read MoreResolving Common HOA Parking Issues
Homeowners associations frequently argue about the HOA parking regulations. Understanding what regulations the HOA can and cannot enforce is the key to resolving parking-related issues. Hoa Parking Rules Development And Enforcement Living in an HOA community entails adhering to the numerous rules and restrictions in place to keep the neighborhood in order. However, one of…
Read MoreWhat Obligations and Time Requirements Come With Joining a Co-Op Board?
From building to building and board to board, situations will vary. There will be differences in the amount of time you devote to the position and the duties you have. Meetings are held at least once a month, along with the associated planning and follow-up. Contacting a current or former board member is one way…
Read MoreThe Best Way To Boost Attendance At The Annual HOA Meeting
Getting homeowners to attend the HOA annual meeting is one of the most challenging tasks. A large majority of homeowners simply don’t seem bothered about association issues, which has a negative impact on attendance. However, you can take steps to increase your participation at HOA annual meetings, believe it or not. Why it’s important to…
Read MoreEmploying HOA Vendors? Here Are Some Legal Matters to Take into Account
The numerous daily chores necessary to run and maintain your community are overseen by your board of directors, but they are not the only ones who must be involved. Painters, plumbers, electricians, landscapers, repairmen for equipment maintenance or emergencies, exterminators, and other vendors will be expected to be hired by your property management company. Additionally,…
Read MoreNYC Rent Stabilization Rules Surpass Landlord Challenges
A federal appeals court decided on Monday that the tenant-friendly adjustments made to New York City’s rent stability laws in 2019 were constitutional, rejecting two complaints from landlords. The New York City Rent Stabilization Law amendments were upheld by the US Court of Appeals for the Second Circuit on the grounds that they adhered to…
Read MoreLandlords Can Take Advantage of 15 Tax Breaks This Tax Season
If you don’t know the rules, it’s difficult to win any game. It’s no different as a landlord. It can frequently feel like a game of chess where the pieces are always shifting as you balance meeting the requirements of your tenants, making timely insurance and mortgage payments, and settling up at tax time. Success…
Read MoreAlteration Agreements For Co-Ops
Nobody enjoys it when a neighbor’s continuous remodeling project lasts for months on end, especially when the renovations may cause damage to your own home. The alteration agreement, fortunately, is a mechanism that most buildings have in place to address issues for Co-Ops. Beginning the ProcessWhen shareholders consider a large-scale renovation, they should be prepared…
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