By Steven R. Wagner, Of Counsel, Adam Leitman Bailey ERIC BATT, AS ADMINISTRATOR OF THE ESTATE OF ROBIN SIEGAL V 77 BLEEKER STREET CORP., ET AL. WHAT HAPPENED In 2014, two leaks within seven months damaged Robin Siegal’s co-op apartment and its contents. One leak was from a sprinkler head that froze and burst in Siegal’s Full Article…
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Act Fast and Consider Payment Plans
When unpaid fees strain a co-op or condo’s budget…act fast and consider payment plans. Arrears, if let linger, can seriously impact a building’s operating budget and reserve funds. Dealing with arrears involves navigating legal protocols, initiating communication with delinquent residents and, in some cases, setting up payment plans. The course of action may be different Full Article…
One-Step Solution
When common-charge arrears keep piling up with no end in sight, condo boards typically make a motion to foreclose and then another to evict. But there’s a workaround you may not know about. Slow going. When unit-owners fail to pay common charges after a notice to cure, condo boards commence an action similar to what a Full Article…
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