2016 June
Focus on... Law & Legislation

Law & Legislation Legislative Roundup
2016 June Legislative Roundup

The legislative season is upon us, and in many states, bills specifically dealing with co-ops, condos and HOAs are wending their way through the legislative process. Even when bills aren't aimed directly at those forms of home ownership, ma…

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Law & Legislation Co-op vs. Condo
2016 June Co-op vs. Condo

So, you’ve decided to buy an apartment in the tri-state area. Congratulations—that’s the easy part.  Now you must choose whether to buy into a cooperative or a condominium. That’s harder. Significant differences exist between the two model…

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Law & Legislation Six Big Things Attorneys Wish Boards Knew
2016 June Six Big Things Attorneys Wish Boards Knew

Whether you serve on the board of a co-op, condo or HOA, chances are you and your fellow community administrators are volunteers. Perhaps you're fortunate enough that you or one of your colleagues has professional legal expertise to bring t…

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Law & Legislation Handling Litigation
2016 June Handling Litigation

No one likes a lawsuit. Whether filing one or finding yourself on the receiving end of one, they can cause stress, anxiety and an upending of daily life. They can be expensive, take months—even years—to resolve, and often result in hurt fee…

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Real Estate Trends Managing Municipal Reimbursements
2016 June Managing Municipal Reimbursements

Let’s imagine that your boss invites you to a group dinner to celebrate her recent promotion. At dinner, you have a tasty salad and one glass of the house red, but your colleagues all have multiple cocktails; somebody orders the surf-and-tu…

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Board Operations Choosing an Attorney
2016 June Choosing an Attorney

Not every condominium or homeowners’ association is going to run afoul of the law—the happy truth is that litigation and legal trouble are relatively rare occurrences. However, even the most upstanding board in New Jersey must navigate a la…

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Q&A Q&A: A Rule is a Rule is a Rule?
2016 June Q&A: A Rule is a Rule is a Rule?

Q. I am a board member on our seven-member condo board. We really had a problem with a previous board member, who maintains that any rules (not bylaw changes) must be enforced by subsequent boards and can never be adjusted or changed. Whe…

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Q&A Q&A: Realtor Conflict?
2016 June Q&A: Realtor Conflict?

Q. I live in a 130 unit co-op in Bergen County, and have a question regarding what may be a conflict of interest involving the separation of co-op administration and outside business concerns. Recently, several shareholders (including mys…

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