BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Conducting virtual (online) annual meetings for New York City (NYC) cooperative buildings (co-ops) can offer a convenient and efficient way to engage shareholders while considering legal requirements and logistical considerations. Here are important points to consider when planning virtual annual meetings for NYC co-ops: Legal […]
Category: Co-Op Laws
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NYC Coop laws for video doorbell cameras
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Here are some key points to consider: Privacy Concerns: Video doorbell cameras can capture images and recordings of common areas and individuals entering or exiting the building. Privacy concerns arise when cameras capture the activities of residents, visitors, and even neighboring buildings. Co-op Governing […]
Pet rules in NYC Coops
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Pet rules in New York City (NYC) co-op buildings can vary widely depending on the individual co-op’s governing documents, policies, and board decisions. Here’s an overview of considerations regarding pet rules in NYC co-ops: Review Governing Documents: Examine the co-op’s proprietary lease, bylaws, and any […]
How to create legally valid and practically enforceable rules for NYC Coops, as to furthering the interest of all members of its community?
Insurance for NYC Coop Stockholder Owners
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Insurance coverage for NYC co-op stockholder owners typically involves a combination of individual insurance policies and coverage provided by the co-op association. Here’s an overview of the types of insurance that co-op stockholder owners should consider: Co-op Association’s Master Policy: The co-op association typically carries […]
Dealing with sex offenders in a NYC Cooperative
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Dealing with sex offenders in a New York City (NYC) cooperative (co-op) can be a complex and sensitive issue. Co-op boards have a responsibility to balance the safety and well-being of their residents with legal considerations. Here are some steps to consider when addressing the presence […]
NYC Coop laws revolving emotional support animals
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Here’s an overview of NYC co-op laws revolving around emotional support animals: Fair Housing Laws: The federal Fair Housing Act (FHA) prohibits housing discrimination based on disability, and this includes individuals with emotional support animals. The FHA requires housing providers, including co-op boards, to make […]
NYC Coop Board Liability Exposure
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Cooperative (co-op) board members in New York City (NYC) have important responsibilities and duties, but along with those responsibilities come potential liability exposures. It’s crucial for co-op board members to be aware of these exposures and take steps to minimize them. Here are some key areas […]
NYC Cooperative Board of Managers Legal Guide
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M The Board of Managers of a cooperative (co-op) in New York City (NYC) plays a crucial role in managing the operations, finances, and governance of the co-op. This legal guide provides an overview of the responsibilities, powers, and legal considerations that pertain to NYC co-op Boards […]
Airbnb legal issues for NYC Cooperatives
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Airbnb and short-term rentals can raise specific legal issues when it comes to cooperatives (co-ops) in New York City (NYC). Co-ops have their own set of governing documents, bylaws, and rules that dictate how unit owners can use their properties. Here’s an overview of Airbnb-related legal […]