Cooperative and Condominium

Smith, Buss & Jacobs provides comprehensive legal representation in all areas of community association law to cooperative corporations, condominium and homeowner associations, individual owners and investors, and sponsors of public offerings. The firm’s cooperative and condominium lawyers serve as counsel to a significant number of condominiums, cooperatives and homeowners associations in the New York metropolitan area.

Our general counsel services incorporate practical advice to Boards of Directors regarding common problems, protection against potential liability, dispute resolution, contract negotiations, labor law representation, and litigation services. We maintain a full service transfer department for sales and purchases, and a full-time default and landlord/tenant law department to streamline collection of arrears.

The firm represents many different types of condominium and cooperative sponsors, including developers of new construction condominiums and converters of rental buildings to cooperative and condominium ownership. The firm’s cooperative lawyers and condominium lawyers have vast experience preparing and filing offering plans for cooperatives and condominiums.  In addition, the firm has assisted diverse groups of owners and tenants in rental buildings who wish to establish a consensual condominium or cooperative association.

Smith, Buss & Jacobs is one of the only law firms in New York State to successfully restructure an ongoing cooperative corporation as a condominium association. The process includes legal and financial analysis of the requirements of the conversion, settlement and refinancing of loans for each individual shareholder, and preparation of the unique documentation needed to facilitate the transition.

The firm is general counsel to Fordham Hill Oval Cooperative and Co-op City in the Bronx.