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  • By: Stephen Lasser, Article
  • Published: April 20, 2017

Approximately one year ago, a data aggregation company based in California named Sperlonga entered into an agreement to start providing condominium and HOA owner payment and account status data to the credit reporting company Equifax.  It is our understanding that Sperlonga charges a monthly flat fee to the condominium or HOA for this service or a fee based on the…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: March 24, 2017

Q: I was recently made aware that a sex offender moved into my building. He moved into his girlfriend’s apartment. I made the board aware of this—even gave them a printout from criminal justice. We have a lot of children living in our community. Does the board have a legal obligation to advise the shareholders that a sex offender lives…Read More

  • By: Stephen Lasser, Article
  • Published: January 20, 2017

Landlords and condominium boards frequently have to sue tenants and unit owners who fail to pay their rent or common charges in a timely manner.  This is an unfortunate fact of life in the real estate world.  In these situations, courts have typically been very stingy when awarding late fees or legal fees to the landlord or condominium board even…Read More

  • By: Stephen Lasser, Article
  • Published: January 15, 2017

More and more buildings are added to New York’s skyline each year.  Frequently, it is impossible for a new construction project or building-wide gut rehabilitation to be completed without the owner who is performing the construction entering upon an adjoining owner’s property.  New York has had a statute in effect since 1968, which addresses the situation where adjoining owners cannot…Read More

  • By: Stephen Lasser, Article
  • Published: December 20, 2016

Airbnb is a global technology company with huge revenues that facilitates apartment rentals by owners and tenants to third parties, often tourists, on a short-term basis.  Airbnb reached a settlement with New York State earlier this month, which dropped the lawsuit Airbnb brought challenging a new law that went into effect in October 2016, which would have levied fines from…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: August 24, 2016

As more and more new condominium construction projects are built, completed and sold off (as well as cooperatives and homeowners associations, although less common) there has been a correspondingly large number of what have come to be known as construction defect cases making their way through the New York courts. A “construction defect” case is a lawsuit brought by a…Read More

  • By: The New York Times, Quoted "Stephen Lasser"
  • Published: April 9, 2016

Applying to live in a co-op is a daunting experience. You bare your financial soul, pay enormous fees and endure a prying interview. After you subject yourself to such scrutiny, a fickle board can reject you for no reason at all. But to charge a rejected applicant a move-in fee for a move that never transpired seems particularly cruel. The…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: January 25, 2016

Condominium Common Charges - How Boards Can Collect and What to do if You Have a Unit Owner in Arrears Condominium boards and managers are often frustrated by unpaid common charges. Once a unit owner falls more than 60 days behind in his or her common charge payments, it is recommended that this problem be turned over to the condominium…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: November 24, 2015

Q. This is a very common age-old question in a cooperative. What are my rights for inheriting a co-op apartment if the unit owner unfortunately dies? If a unit owner is deceased and the property is turned over to the estate, what are rights of a relative, for example, let's say the apartment owner’s siblings, to allow them to move…Read More

  • By: Stephen Lasser, Article
  • Published: April 13, 2014

Like other business negotiations, commercial lease negotiations depend on market conditions and the bargaining strength of the parties to the transaction (i.e., the landlord and tenant). Unless a commercial tenant is a bank or fortune 500 company, most landlords require new tenants signing a lease to deposit a sum of money equal to several months rent as a security deposit…Read More

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