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Condominiums > By-Laws

  • By: Stephen M. Lasser
  • Published: October 29, 2020

The primary governing documents of condominiums and homeowners associations are the declaration and by-laws recorded in the county clerk’s office where the property is located.  An offering plan, on the other hand, is a sales disclosure document distributed by the sponsor- developer to the initial prospective purchasers in a condominium or homeowners association community.  Where things can get confusing is…Read More

  • By: Michael Kayam
  • Published: April 8, 2020

Even prior to the COVID-19 pandemic, a common issue facing cooperative corporations and condominiums is low attendance at annual owner meetings, which makes it difficult to elect a new board or for the existing board to take actions that require owner approval. This issue has become more difficult to address due to COVID-19. Some of our clients have been inquiring…Read More

  • By: New York Cooperator, Quoted "Stephen Lasser"
  • Published: July 24, 2013

Some situations might be more acceptable to condo boards (and neighbors) than others, depending upon the community, Stephen M. Lasser, Esq., a partner with the Manhattan-based law firm of Barton LLP, says. “Temporary situations such as relatives living with other relatives during a period of unemployment or while they are searching for other housing is more acceptable,” Lasser says. An…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: 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: New York Cooperator, Quoted "Stephen Lasser"
  • Published: February 24, 2009

Every co-op or condo has rules and regulations that have been put in place to define the board’s authority and limitations of power, as well as outline the rules for the community, residents or shareholders. And although the governing documents are intended to work in the best interest of everyone in the building, they sometimes pose problems. Especially, when rules…Read More