The management of cooperatives and condominiums – especially in the New York City metropolitan area - involves a host of complex and unique challenges. Our team steps in with strategic and efficient advisory board services to address all of our clients’ needs in this area.
Tarter Krinsky & Drogin’s Cooperatives and Condominiums Practice counsels residential and mixed-use cooperative corporations, condominium associations, boards of directors, and managing agents on a wide array of co-op and condo matters. We partner with our clients to ensure effective management and governance of their buildings and shareholders.
We handle all facets of real estate litigation, including arbitrations and mediations, shareholder/unit owner disputes, and litigation with insurance carriers over coverage. Relying on years of experience, our team handles operational, financial, and building issues for co-ops and condos, including:
- Acquiring common shares
- Amendments to proprietary leases, by-laws, and house rules
- Apartment transfers and trust issues
- Budget planning
- Building improvement and construction contracts with contractors, architects, and designers
- Collection work on maintenance fees, common fees, and liens
- Commercial lease negotiations
- Conduct letters
- Corporate matters
- Coop work
- Discrimination complaints
- Environmental issues
- Nuisance abatement and noise complaints
- Operational guidance, including overseeing board and annual meetings
- Oversight of construction and major capital projects
- Regulatory issues including compliance with by-laws, state and local laws, and applicable codes and regulations
- Shareholder defaults
- Sponsor defaults
- Tax issues
- Third-party contracts and vendor disputes
- Unauthorized construction and subletting
- Underlying mortgage refinancings and credit line loans
Our goal is to ensure that our clients’ buildings and businesses run smoothly and effectively – and our team is committed to that goal.
