In a recent article that appeared in Habitat Magazine, the Appellate Division of New York, determined that a proprietary lease which provides for the payment of legal fees to a co-op even regardless of the outcome of the lawsuit, is unenforceable. The result may have consequences for all cooperative corporation’s that bill back their shareholders.
© Eric P. Gonchar. All rights reserved. No portion of this article may be reproduced without the expressed written permission of Eric P. Gonchar. On October 1, 2017, a change to the NYC heating regulations will go into effect when the heating season begins. The new regulations require owners of buildings with central heating to