Highly Seasoned Condominium and Cooperative Law Practice
The BBG cooperative and condominium law practice represents over 300 boards of directors and managers in the greater New York area. We represent buildings of all sizes at some of the most prestigious addresses in New York City. Our practice provides practical, economical and efficient service in all aspects of cooperative and condominium governance, and provides innovative and creative solutions to issues. In addition, BBG regularly handles boards’ commercial leasing, construction contracts, litigation, and underlying mortgage financings.
Summary of Condominium and Cooperative Services
BBG’s services include, but are not limited to, the provision of legal advice and related strategic guidance on:
- Corporate governance matters;
- Enforcement of obligations under Proprietary Lease, By-Laws and House Rules, including the collection of maintenance arrears (through and including the preparation of requisite notices and the commencement of non-payment proceedings);
- Proposed amendments of governing documents;
- Assisting with and attendance at meetings of the Board or shareholders;
- Assisting in the resolution of disputes with and between shareholders;
- Cessation of illegal subletting (including transient occupancy);
- The negotiation and preparation of contracts for major capital projects (including any related construction access agreements), professional services and other vendors;
- Handling all aspects of purchase/sale transactions and financing (if any);
- The negotiation and preparation of leases (whether residential or commercial);
- All forms of litigation in all courts; and
- Handling all types of matters before the Department of Buildings, Board of Standards and Appeals, and the Environmental Control Board.
Condo Conversion and Offering Plans
BBG has a thriving condominium conversion practice. Condo conversion (new construction) offering plans must be developed according to strict rules established by the Attorney General’s office. The AG’s office must then review and approve the condo conversion plan, after weeks of back-and-forth negotiations. Building owners need to be aware that New York State laws are in place to protect tenants, as much as or more so than any other state. Careful steps need to be taken in the conversion process, and we walk our clients through those steps. Adhering to the laws, regulations and tenant rights is vital to ensuring a successful offering.
Contact Us
We are a full-service real estate firm, capable of handling all of your board needs. Should you like more information, please do not hesitate to contact us through our website.
