New York City Public Advocate Jumaane D. Williams has introduced proposed legislation that would significantly expand disclosure obligations for residential cooperative boards. The bill, titled the Fair Residential Cooperative Disclosure Law , would require cooperative corporations to provide prospective purchasers with written explanations when an application to purchase shares is denied. According to the Public Advocate, the legislation is intended to address perceived disc

According to a recent  Crain’s New York Business  article, more than half of the condominium units purchased on or after 2015 are now being sold at a loss. The piece cites data from a report issued by the brokerage Brown Harris Stevens which found a prolonged period of stagnation as the culprit. The Housing Stability and Tenant Protection Act of 2019, along with newly enacted local laws addressing lead paint and “Good Cause” eviction, has made property ownership and managemen

In the realm of real estate law, few matters are as complex and emotionally charged as actions involving family members. Several states,...