Nearly 70 percent of the housing market in New York City consists of rental units, and a significant number of those apartments are rent-stabilized. If the monthly rent for an apartment is $2,500 or higher, then the apartment may qualify for removal from rent regulation.
Currently, state law in New York addresses condominiums and cooperatives with the following legislation:
Despite how much one may crave the companionship of a pet, lease agreements and condo bylaws often prohibit residents from owning pets on the premises. However, as we discussed in a previous post -- "When must a landlord waive a no-pets policy?" -- there are situations in which tenants and condo owners can fight to keep their furry companions.
Sometimes when a New York condominium owner seeks to renovate or otherwise alter the structure of the property, the alteration agreement or the condo's bylaws are ambiguous. This type of situation can lead to disputes between owners and management. Ideally, such a dispute can be resolved outside of court, but occasionally it is necessary to litigate for a favorable outcome.