Nadel & Ciarlo, P.C.

November 2013 Archives

Reviewing minutes a key part of due diligence in a condo purchase

In many co-op and condominium transactions, a key part of due diligence for New York buyers is reading the co-op board's minutes. These can give you an idea of how the board operates and what may be going on among residents in the building. Some people neglect to review the board's minutes, and other people spend time trying to decipher what in some cases is a gobbledygook of terms. Real estate attorneys are able to pick apart and analyze the board's minutes to help give buyers a clear picture of their future in the building.

When must a landlord waive a no-pets policy?

Landlords in New York generally include some language in tenant agreements that addresses the issue of pets. This language can be general or very specific. There are legal precedents, though, for a landlord being forced to waive a no-pets policy: namely, if a tenant has a service or support animal.

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