BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Conducting virtual (online) annual meetings for New York City (NYC) condominiums (condos) can provide a flexible and convenient way to engage with residents while considering logistical challenges and legal requirements. Here are some key points to consider when planning virtual annual meetings for NYC condos: […]
Category: Condominium
NYC Condo Laws involving smoking
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Smoking regulations in New York City (NYC) condominiums (condos) are designed to address the health and comfort of residents and to comply with city and state laws that govern smoking in multi-unit residential buildings. NYC has enacted strict regulations related to smoking in residential buildings, including […]
NYC Condo Rules and Regulations
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Rules and regulations in New York City (NYC) condominiums (condos) are established by the condo association and its board of directors to ensure the orderly and harmonious operation of the building. These rules help maintain the building’s standards, protect residents’ rights, and address various aspects of […]
Move-in fees laws in NYC Condos
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Move-in fees are typically charges imposed by condo associations on new residents or tenants who are moving into the building. These fees are intended to cover the costs associated with move-in procedures, administrative work, elevator reservations, and other services related to managing new occupants. […]
The legal complications of multiple tenants in NYC Condos
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Having multiple tenants in New York City (NYC) condominiums can introduce various legal and practical complexities. These complexities often involve issues related to leasing, landlord-tenant relationships, co-op board regulations, and more. Here are some of the legal considerations and potential complications that can arise when dealing […]
NYC Condo Board Liability Exposure
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Condominium board members in New York City (NYC) have various responsibilities and duties, and with those responsibilities come potential liability exposures. It’s important for condo board members to understand these exposures and take measures to minimize them. Here are some key areas of liability exposure for […]
The Business Judgement Rule for NYC Condo Boards
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M The Business Judgment Rule is a legal principle that applies to the decisions made by boards of directors, including condo boards, in the context of running a corporation or association. It provides protection to board members from personal liability for their decisions, as long as those […]
NYC Condominium Amendment Governance Document
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City (NYC), a condominium’s governing documents, including the declaration (also known as the master deed), bylaws, and house rules, serve as the foundation for how the condominium association is governed and how unit owners’ rights and responsibilities are defined. An amendment to these […]
How to deal with condo common charge late payments by unit owners in NYC?
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Dealing with late payments of condo common charges by unit owners in New York City (NYC) requires a systematic approach that balances the need to collect dues while maintaining positive relationships with residents. Here are steps to address late payments effectively: Clear Communication: Maintain open […]
Rentable Square Feet when dealing with NYC Condos and Coops
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M “Rentable square feet” (RSF) is a term commonly used in commercial real estate to denote the total area within a property that is available for rent, including both the usable space occupied by the tenant and a portion of the common areas. However, in the context […]