HOA
Governing Condo/Co-Op Elections
In many ways, co-ops, condos, and HOAs can all represent the most basic form of representative democracy. How? Read on to see what transpires in the event of a shareholder meeting. Governing Docs Where does the authority of the board come from, and how must board members be chosen? That’s usually determined by a community’s…
Read MoreWater Rate Jumps to 4.42%.
Residents of co-ops and condos in New York City continue to take hits. Gas and electricity costs have recently increased by 8.4% and 9.1%, while their property taxes have recently increased by an average of 8%.
Read MoreNew Bills are Adopted by City Council Increasing Lead Paint Regulations
In order to remove legal loopholes surrounding lead paint enforcement and get the city closer to its objective of ending childhood lead poisoning, the New York City Council has enacted two pieces of legislation. However, supporters are hoping that lawmakers will adopt further reforms in the upcoming week. Peeling or chipped lead-based paint will be…
Read MoreWhich HOA Rules Can Be Implemented and Which Can Not?
HOA concerns are rather common. They are too expensive. It is not allowed for residents to pick their own paint colors. They impose limitations on the breeds of dogs you are allowed to own, the types of basketball goals you are allowed to mount on your home, and even the types of grass you are allowed to grow in your yard.
Read MoreNow Available: No-Penalty Building Inspections for Smaller Co-ops and Condos
Smaller co-ops and condos that are exempt from the Facade Inspection and Safety Program’s (formerly known as Local Law 11) five-year compliance cycles must nonetheless be kept in a safe state. The city’s Department of Buildings (DOB) is once again providing its free No-Penalty Inspection Program to assist the co-op and condo boards in those buildings.
Read MoreReliable Resources: How a Property Management Company’s Network Benefits Your Investment
Investing in real estate can be a lucrative venture, but managing a property comes with its fair share of challenges. From routine maintenance to emergency repairs, it requires a reliable network of resources to ensure your investment is well-maintained and profitable. This is where a reputable property management company can make all the difference in Fort…
Read MoreKey Traits to Look for in a Reliable Property Management Company
When it comes to managing your rental property in East Flatbush or Flatbush, finding a reliable property management company is essential. A reputable company can alleviate the stress of property ownership and ensure the smooth operation of your investment. However, not all property management companies are created equal. To make an informed decision, it’s important…
Read MoreCurbside Organic Recycling is Now Mandatory
The list of materials that New Yorkers must recycle, which already includes glass, plastic, paper, and cardboard, is now expanding to include food scraps and yard debris.
Read MoreFor The First Time, Gas Stoves Are Prohibited With New Construction in New York.
The installation of natural gas stoves and appliances in new apartment complexes is prohibited for the first time in New York. The measure is part of the recently adopted $229 billion state budget by Governor Kathy Hochul and lawmakers.
Read MoreThe Most Costly HOA Fees
A joyful and useful living environment is produced for community members by well-managed HOAs. In HOA-governed areas, property prices are frequently greater. Fantastic benefits like access to tennis courts and snow removal are provided. But, running and maintaining an HOA costs millions of dollars. To cover both routine charges and unforeseen needs, finances must be…
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