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Advising Boards on Handling Secondhand Smoke Issues

By: Adam Leitman Bailey & John M. Desiderio January 30th, 2013 Some of the most intense combat occurring in modern times may not be that which has taken place on the battlefield, but rather in the ongoing conflicts that occur between shareholders, owners, and renters of apartments in multiple dwelling buildings, between themselves and/or with  Full Article…

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Q & A: Maintenance Rises After Units Are Combined

By Jay Romano Q We recently bought a small studio apartment next to our one-bedroom and created a two-bedroom. We are paying maintenance on the two units as if they had never been combined. There is a similar apartment in the building that has fewer shares — and pays less maintenance — for the same-size apartment  Full Article…

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Breaking Bad: Dealing with Rule Breakers

By Adam Leitman Bailey, Leonard Ritz and Dov Treiman   Jan. 15, 2013 — In the aftermath of superstorm Sandy, many condo and co-op board members have been facing unprecedented challenges, with little experience to guide them. In the first of two installments today, three leading attorneys answer eight questions at the top of every affected  Full Article…

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What a Revolting Development

By S. Jhoanna Robledo Published In 2004, Meggan Berley and her husband, empty-nesters in Dobbs Ferry, ditched their longtime rental  and bought a new condominium on Spencer Street in Brooklyn. Then the headaches began. On movein day, the floors weren’t finished and the kitchen cabinets had no doors. The Berleys lived amid construction for weeks. Then  Full Article…

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Certifying Professionals May Be Subject to Lawsuits, New York Law Journal

By Adam Leitman Bailey and John M. Desiderio Assured Guaranty1 and Kerusa2 decisions, the New York Court of Appeals has made it clear that preemption is no longer an issue in private securities and real estate syndication cases where plaintiffs allege common law causes of action that overlap possible violations that only the attorney general  Full Article…

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Lawyers: You CAN Recover Cash When Condo Sponsors Underfund Reserves

Rainy Day Money – Condo Style Reserve Fund Obligations  By: Adam Lietman Bailey July 1st, 2011 Do you live in a condominium conversion? Are your reserves underfunded? As a condo board you may be able to recover millions of dollars from your sponsor. Sponsors of condo conversions really have only one material obligation: to provide  Full Article…

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