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Condominiums

  • By: Stephen Lasser
  • Published: April 10, 2019

Pursuant to the statute New York Real Property Law § 235-b enacted in 1975, every residential lease contains an implied warranty of habitability (“WOH”).  This statutory WOH guaranties residential tenants that there will not be conditions in their apartments which are dangerous, hazardous or detrimental to their life, health or safety. Over time, New York courts started awarding rent abatements…Read More

  • By: Dominique Miller & Stephen M. Lasser, Esq. Article
  • Published: August 10, 2018

Since 2010, renting out apartments in multiple dwelling for a term less than 30 days has been illegal in New York State under § 4 of the New York Multiple Dwelling Law (the “N.Y. Mult. Dwell. Law”). As discussed in our December 20, 2016 post “Airbnb Settles with New York State: New Developments in Short-Term, Rental Law,” in 2016, Airbnb…Read More

  • By: Gaetano Bizzoco, Article
  • Published: August 10, 2018

In order to discourage smoking throughout New York City, on August 28, 2017 the New York City Council passed Chapter 5 of the New York City Health Code, the Smoke Free Air Act. The legislation includes NYC Administrative Code 17-506.1 which requires all class A multiple dwelling buildings, including cooperatives and condominiums, to create and distribute a building-wide smoking policy…Read More

  • By: The Real Deal, Quoted "Stephen Lasser"
  • Published: May 1, 2018

New high-end NYC condos are seeing an uptick in construction defects — from warped floors to fireproofing problems — and another wave of complaints could be coming Not long after closing on a $28.5 million pad at 56 Leonard last spring, the new owner had a problem. More than one, actually. The master bathroom allegedly had poor caulking, the deadbolts…Read More

  • By: Stephen M. Lasser, Article
  • Published: April 26, 2018

As you may recall from one of our previous newsletters, a new New York State law was enacted, effective January 1, 2018, which requires cooperative board members involved in interested transactions to provide disclosure of these transactions to the owners in their associations. (Here is a link to the previous newsletter http://lasserlg.com/new-disclosure-requirements-board-members/ ) On April 18, 2018, Governor Cuomo passed an…Read More

  • By: Stephen Lasser, Video
  • Published: February 28, 2018

Condominium Common Charges - How Boards Can Collect and What to do if You Have a Unit Owner in ArrearsRead More

  • By: "Stephen Lasser, Video
  • Published: February 24, 2018

For Habitat U, Stephen M. Lasser talks about how to collect common charges in arrears and still stay on the right side of your condo’s constitution.Read More

  • By: Michael Kayam, Article
  • Published: January 30, 2018

A new New York State law was recently enacted, effective January 1, 2018, which requires board members involved in interested transactions to provide disclosure of these transactions to the owners in their associations. The new law adds a new Section 727 to the New York Business Corporation Law (the “BCL”) and a new Section 519-a to the New York Not-for…Read More

  • By: Stephen Lasser, Habitat Magazine
  • Published: November 24, 2017

The Low-Down The issue of arrears in condominiums is important because heavy arrears might make it harder for potential purchasers or existing unit-owners to refinance the mortgages on their units. Heavy arrears might also prevent a condo from taking out a line of credit or a loan to start a capital project. All those issues could also make units harder…Read More

  • By: Stephen Lasser, Habitat Magazine
  • Published: November 24, 2017

There are several revisions that can be made to condominium bylaws to improve the collection of common charges and make the corporate governance of the building more efficient. The Real Property Law requires that common charges should be based on a unit-owner’s percentage of common interest, with certain exceptions for insurance and utilities. So most condominium bylaw provisions pertaining to…Read More

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