NYC’s New Proposal Would Prohibit Background Checks in Co-ops

While we completely agree that those with criminal records who have served their time and become rehabilitated deserve a second chance and should not be discriminated against, co-op and condo boards require the information to do their due diligence and obtain information that could bear on the safety and well-being of shareholders and residents.

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Dealing with Co-op Boards

Owners of co-op apartments are both shareholders in and tenants of the same corporation. That corporation is governed by a board of directors, elected
by its shareholders. It is a unique and sometimes complicated relationship, one that can become difficult when problems arise between neighbors, or between shareholders and board members.
When trying to resolve issues, it’s important to understand the role the Board of Directors plays and from where they obtain their authority.

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What does the Climate Mobilization Act really mean for co-ops?

Many board members have recognized the transformative impact that the Climate Mobilization Act (CMA) will have on how their buildings will operate, and they’re either energized or horrified by the prospect. Many board members and property managers still have only a vague sense of what the CMA means for their buildings.

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Building Letter Grades vs LL97 fines

There isn’t a good correlation between the letter grade and the fines buildings may be facing under the provisions of LL97. Buildings with good letter grades can still get hit with penalties. You have to look at the measures you can take to avoid penalties.

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