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: Condo Boards
Fiduciary Duty rules for NYC Condo Boards
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Condominium board members in New York City (NYC) owe a fiduciary duty to the condominium association and its unit owners. This duty requires board members to act in the best interests of the association and its members, putting their needs before their own. Here’s an overview […]
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 […]