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Category: Expert Advice

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Category: Expert Advice

What are the pros and cons of buying a co-op vs. a condo in NYC in 2022?

Posted on February 27, 2023

The most significant difference between buying a co-op and a condo is the ownership structure, says James Woods, Esq., managing partner at 

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How do I calculate the risks of waiving a financing or appraisal contingency?

Posted on February 27, 2023

The best way to gauge the risk of waiving contingencies is to take a close look at your own finances, as well...

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How do reverse mortgages work for co-op shareholders?

Posted on February 27, 2023

Taking out a reverse mortgage could be helpful to senior citizens on a fixed income, but it's important to be aware of...

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Can my co-op require me to get higher liability insurance than other shareholders?

Posted on February 27, 2023

Co-op boards are legally obligated to treat shareholders equally, but there may be specific circumstances under which one shareholder's liability insurance rates...

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Mother and son frustrated at the loud noise from a neighbor

My neighbor plays his music really loud and with lots of bass. What can I do?

Posted on February 27, 2023

If you have already tried a friendly chat with your neighbor with no success, your next step should be reaching out to...

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How much will our carrying costs increase after we buy a co-op or condo?

Posted on February 27, 2023

There's no avoiding increases over the long-term, but you can keep an eye out for certain red flags that may indicate a...

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Young female homeowner opening her doors to welcome guests

What do first-time buyers need to know about co-ops?

Posted on February 27, 2023

“When my office works with someone buying a co-op for the first time, our goal is to avoid unwelcome surprises—either as part...

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Group of young renters discussing future plans

How Co-op and Condo Boards Can Avoid Conflicts of Interest

Posted on February 27, 2023

Most co-op and condo governing documents underscore that self-dealing by board members is prohibited. However, there are some important practices to employ to further prevent any claims of...

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Business Group Meeting Discussion Strategy Working Concept

Co-op Boards Must Treat All Pieds-a-Terre Equally

Posted on November 14, 2022

Aug. 2, 2022

In Animal Farm, his parody of Soviet totalitarianism, George Orwell created a skewed utopia where all the farm animals...

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Our new co-op building says no pieds-à-terre, but we know there are some. How can we do this too?

Posted on November 9, 2022

BY WOODS LONERGAN PLLC

Co-ops can impose restrictions that make it difficult to use an apartment...

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  • Home
  • Firm Profile
    • Firm Overview
    • Our Team
    • James F. Woods
    • Lawrence R. Lonergan
    • Annie E. Causey
    • Andreas E. Christou
    • Andrew S. Read
    • Logan Lowe
  • Practice Areas
    • Litigation
    • Corporate
    • Real Estate
    • Cooperatives / Condominiums
    • Intellectual Property & Technology
    • Employment
    • Business Start-Ups
    • Cannabis Industry Law
  • Insights & Media
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  • Firm Profile
    • Firm Overview
    • Our Team
    • James F. Woods
    • Lawrence R. Lonergan
    • Annie E. Causey
    • Andreas E. Christou
    • Andrew S. Read
    • Logan Lowe
  • Practice Areas
    • Litigation
    • Corporate
    • Real Estate
    • Cooperatives / Condominiums
    • Intellectual Property & Technology
    • Employment
    • Business Start-Ups
    • Cannabis Industry Law
  • Insights & Media
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