Fairness in Cooperative Home Ownership
The Suffolk County Legislature recently passed a new Local Law entitled “A Local Law Requiring Fairness in Cooperative Home Ownership” that took effect on September 15, 2009 and was later amended, which amendment became effective on November 10, 2009. A more...
Replacements v. Improvements in Condominiums
Many condominiums have, as part of their by-laws, a section that limits spending by the Board of Managers on alterations, additions and improvements without first obtaining approval of the unit owners. Condominium Boards of Managers are also charged, elsewhere in the...
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