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Moritt Hock & Hamroff LLP

MHH Condo/Co-op Digest, Vol. I (November 2023)

DOB Issues Long-Awaited Rules Outlining "Good Faith Efforts" Needed To Reduce Or Eliminate Penalties Under Local Law 97 - Local Law 97 is the centerpiece of New York City’s efforts to reduce carbon emissions in its...more

Smith Gambrell Russell

Good News for Cooperatives from the NY Legislature Regarding the Removal of Restrictions on Cooperatives Imposed in 2019

Smith Gambrell Russell on

We are pleased to report that legislation (Senate Bill S5105) has passed both houses of the NY State Legislature relieving cooperatives of a number of restrictions that were applied to them along with conventional rental...more

Foster Garvey PC

New York City Co-Op Board Gets No Deference in Kotler – It May Be Time to Amend Your Proprietary Lease

Foster Garvey PC on

You are a responsible member of the board of directors of a fashionable cooperative apartment building in New York City. You have been doing this for a long time and are genuinely dedicated to protecting the interests of your...more

Vicente LLP

What Is A Cannabis REIT?

Vicente LLP on

What is a REIT? “REIT” stands for Real Estate Investment Trust. Typically, a REIT is a corporation that has elected to be taxed as a REIT (which provides several tax advantages, including the ability to deduct dividends from...more

Cozen O'Connor

Impact of New York’s Housing Stability and Tenant Protection Act of 2019 on Condo and Coop Boards

Cozen O'Connor on

New York’s Housing Stability and Tenant Protection Act of 2019 (the Act) was signed into law on June 14, 2019, leaving condo and coop boards with grave concerns — if not outright panic — about how it impacts their day-to-day...more

Holland & Knight LLP

New Tenant Protection Law Affects Conversions of Rental Buildings in New York - Law Also Impacts Proprietary Leases, Subleases and...

Holland & Knight LLP on

• New York's Housing Stability and Tenant Protection Act of 2019, which was enacted and became effective on June 14, 2019, will have a sizable impact on a landlord's ability to convert buildings to cooperatives and...more

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