Litigation associate Jonathan Temchin recently participated in Habitat magazine’s Legal Game Changers for Boards video series where professionals in key fields of co-op and condo board governance and building management answer common questions in their areas of expertise. Jonathan discussed the New York Property Law, which is a simple, inexpensive and efficient tool that can be used to avoid litigation when a unit owner is a landlord and rents their unit to a tenant, but then fails to make payments due for common charges, assessments or late fees within 60 days of the expiration of any grace period after payments are due. In this case, the board would provide written notice to the tenant and the non-occupying unit owner, stating that commencing immediately, all payments due are to be made payable to the condominium association rather than the unit owner. Click here to learn more.
|Temchin, Jonathan E. Counsel||Counsel||212.216.1139|