By Guy Arad Q. What is a conservation easement? What are the tax advantages to a conservation easement? Can a condo or co-op vote to place a conservation easement? — Curious in New York A. According to Guy Arad, Esq. of the Law Offices of Adam Leitman Bailey, P.C. in Manhattan: “An easement is a Full Article…
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Q & A: When Maintenance Is Long in Arrears, The New York Times
By Dov Treiman Q. I was fascinated by the response to a question in this column on Jan. 15, about the circumstances under which elderly tenants can break a lease. In our co-op in Queens there has been an ongoing dispute between the board and the son of a shareholder who is in a nursing Full Article…
Q & A: Adding ‘Partners’ to Co-op Shares, The New York Times
By Adam Leitman Bailey Q. What rights does being registered as “domestic partners” in New York City convey in regard to real estate? I moved into my partner’s co-op five years ago, but the board refuses to add my name to the shares and proprietary lease.
Q & A: Roommate Law vs. Co-op Board Rules, The New York Times
By Adam Leitman Bailey Q. I live in a self-managed co-op, and we are getting conflicting information about whether co-ops can prohibit roommates. What is the law? A. Adam Leitman Bailey, a Manhattan real estate lawyer, says the state’s roommate law allows any tenant who has a lease to have a roommate — including the Full Article…
Q & A: Aggressive Board Clamps Down On Unapproved Tenant, The Cooperator
Q. I am a non-resident owner in a 10 unit co-op in Manhattan. I have been renting out my unit for the past 7 years. Recently, while I was away from the country on work, my son inadvertently rented my apartment to a tenant without first getting board approval. I know we violated co-op board Full Article…
Q & A: Renting and Owning in the Same Building, The New York Times
By Adam Leitman Bailey Q. Is it legal to live in a rent-stabilized apartment and to also own a co-op in the same building? A. “It is perfectly legal,” said Adam Leitman Bailey, a Manhattan real estate lawyer, “Where the writer could run into problems is with the doctrine of primary residence.” He said there Full Article…
Q&A: Accessing Common Elements, The Cooperator
Q. In our parking garage we have access to a bike storage room and an outside bike rack that is next to a resident’s handicapped parking spot. Right now the only way to get to the bikes is to “trespass” over the parking spot. Our concern is that if someone parks a larger vehicle or Full Article…
Q&A: Lender Says No to Co-op Sublet, The New York Times
By Jay Ramano Q. I want to sublet my co-op apartment in Chelsea, and I know that paperwork must be submitted to the management company to get approval of my subtenant. The co-op board also requires a letter from the bank stating that it approves. But the bank said it would allow a sublet only Full Article…
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