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  • By: Stephen Lasser, The New York Cooperator
  • Published: February 24, 2012

Q: I am a co-op owner. A renovation plan for my apartment was approved by the building, the board and the city. Con Edison added a new power line to the building at no cost because the building was at its capacity for the existing electrical load. It cost the building $150,000 to meter the new power line and also…Read More

  • By: The New York Cooperator, Quoted "Stephen Lasser"
  • Published: June 26, 2011

With homeownership comes great responsibility. For co-op and condo residents, part of that responsibility means sorting through the seemingly mile-high stacks of documents handed to you before, during and after the purchase process begins. Those documents can be confusing, especially for first-time buyers. Becoming familiar with each piece of paper and what it means is an important part of that…Read More

  • By: The New York Times, Quoted "Stephen Lasser"
  • Published: January 20, 2011

Q: I want to add my adult daughter’s name to the shares and lease of the co-op I own in Manhattan. The board wants to do credit and financial checks on her before agreeing to this. For her to own and occupy the apartment upon my death, is it necessary for her name to appear on the lease? A: “The…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: December 24, 2010

Q: What are the rules concerning how many proxies any one person can submit? Also, does a person submitting proxies have to be a unit owner or even live in the complex? We have a situation where a renter, not an owner, of a co-op collects many proxies, some from older residents, and is in a position to sway elections…Read More

  • By: The New York Times, Quoted "Stephen Lasser"
  • Published: November 18, 2010

Q: When we asked our co-op managing agent for a copy of the co-op bylaws, he said that we could review them in the office but that he would not distribute them. Do we have a right to our own copy? A: “Co-op shareholders have limited rights to review or receive copies of corporate records and documents,” said Stephen M.…Read More

  • By: New York Cooperator, Quoted "Stephen Lasser"
  • Published: October 10, 2010

Another common scenario: say the wife of the board treasurer is a real estate broker. She’s the listing agent for an apartment in the building. She found potential buyers, who now have to get approved by the board. “It’s okay for a transaction like that, where there’s a related director,” says Stephen M. Lasser, an attorney shareholder with the Manhattan…Read More

  • By: The New York Times, Quoted "Stephen Lasser"
  • Published: August 13, 2010

Q: My co-op wants to place a cell tower on the common roof space next to my personal roof deck. Given that we will be feet away from antennas emitting radiation, I am very concerned for the health of my small children. How can I stop this? A: “A co-op board of directors has broad management powers,” said Stephen Lasser,…Read More

  • By: The New York Cooperator, Quoted "Stephen Lasser"
  • Published: July 24, 2010

Another advantage co-ops have over condos is their priority over bank loans in order of payout in a foreclosure, says attorney Stephen M. Lasser of the Condominium & Co-op Group in the New York office of Stark & Stark, where he is a partner. “In a condo, the mortgage gets paid first," says Lasser. "If the owner doesn’t pay their…Read More

  • By: Stephen Lasser, Article
  • Published: January 24, 2010

Q: “If a unit owner is deceased, what are the inheritance rights of a relative, for example, let's say, siblings, to moving in and taking possession of an apartment?” A: “There are several issues that have to be examined to determine who succeeds to the rights of a free market cooperative apartment,” says Stephen M. Lasser, an attorney shareholder in…Read More

  • By: Stephen Lasser, The New York Cooperator
  • Published: July 24, 2009

Q: Do the shareholders in a New York City co-op have the right to obtain the tabulated results of a board of director’s election, rather than simply the names of the shareholders that won? If you are a shareholder who is running for the board, are you entitled to know how many votes (shares) you received? Are you entitled to…Read More

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