All boards have a natural tendency to protect the majority of their owners from the risky or distributing activities of a few whose behavior may not fit the expectations of the community. However, evolving interpretations of state and federal laws grant additional protections to many of these persons, especially older and disabled residents, as well [...]
By Kenneth R. Jacobs, Partner Smith, Buss & Jacobs for Habitat Magazine A 40-year-old cooperative had a 10 percent sublease fee in place for over 30 years. One new shareholder, now subleasing to a high-paying tenant, challenged the propriety of the sublease fee in court. Among other things, he claimed that the cooperative could impose [...]
Selected Articles from Jay Romano's New York Times Real Estate Q & A Section featuring Kenneth R. Jacobs, Esq.