Condominiums and Cooperatives

• Condominiums and Cooperatives

Two common forms of multiple-unit dwellings, with independent owners or lessees of the individual units comprising the multiple-un...

• West's Encyclopedia of American Law
• Com–Dor

• Quick Guide to Multifamily Housing

The world of multifamily housing can be a confusing place -- condominiums, rental apartments and cooperatives may all look alike, yet each one has a different requirement. Finding the best housing fit will often mean getting to know these differences. No time for real estate school? Here is a quick guide that will help: Condominiums: This is a form of ownership in which residents own their places, and, as members of homeowners associations, jointly own common elements such as grounds and clubhouses. Because it's a type of ownership, don't be surprised to find town houses, flats, and single-family homes that all meet the condo criteria, said Douglas Fenichel of Red Bank-based home builder K. Hovnanian.

• The Record, Bergen County, NJ
• June 09, 2010

• Written On the Wind

The cooperative and condominium insurance marketplace in the US today is as yet undefined in terms of what coverages are needed by the building owners who operate these habitational risks versus what unit or apartment owners need and, ultimately, what coverages are available for each. The situation is particularly problematic in coastal areas of the country, where volatile weather conditions have caused the traditional insurance market to view condominiums and cooperatives with caution. One problem is that many states have not yet clarified the insurance exposures that pertain to residents of cooperatives or condominiums and the exposures that pertain to associations. Florida addressed this problem in its 2003 legislative session and could lead the way for other states to follow. Florid...

• Rough Notes
• Vol. 149 Nbr. 11, November 2006

• 12 CFR 560.101 - Real estate lending standards.

...1 Multifamily construction includes condominiums and cooperatives. 2 A loan-to-value limit has not ...

• Code of Federal Regulations - Title 12: Banks and Banking

• Condominiums/Co-ops

...Condominiums and cooperatives are known as common interest communities. All the ...

• Gale Encyclopedia of Everyday Law
• Real Estate

• Condo Sales Break Annual Record; Fourth Quarter Off but Strong, Says Nar

WASHINGTON, Feb. 9 /U.S. Newswire/ -- Sales of existing condominiums and cooperatives hit their ninth consecutive annual record in 2004, while the pace of sales activity in the fourth quarter eased but remained the third highest quarter on record, according to the National Association of Realtors(r). There were a total of 970,000 existing condo and co-op sales last year, up 8.0 percent from the previous record of 898,000 units in 2003.

• U.S. Newswire
• February 09, 2005

• Condo Boards Must Hold Open Meetings

A question that frequently arises in condominiums, cooperatives and other community associations is whether the board of directors that governs an association must hold its meetings in open session and allow unit owners to participate. Most boards normally meet monthly or quarterly to discuss and make decisions regarding matters that affect their communities. Specific items that a board commonly will review include the health of the association's finances, the status of pending litigation, possible repair projects or capital improvements, contract negotiations for a multitude of services, proposed amendments to the association's master deed or bylaws, employment and personnel matters, and violations of the association's rules and regulations by residents.

• The Record, Bergen County, NJ
• January 22, 2008

• New York City Condo Owners Get Relief From Albany

Gov. George Pataki has signed into law a bill that extends partial property tax abatement for owners of cooperatives and condominiums in New York City. Without the extension, co-op and condominium owners in the Big Apple would have been required to pay hundreds of dollars more in property taxes than those who own comparatively valued residential homes in other parts of the Empire State.

• New York Amsterdam News
• July 31, 2009

• NCB keeps pace with red-hot co-op market.(Finance)(National Cooperative Bank's housing loans to the cooperatives and condominiums)(Brief Article)

National Cooperative Bank (NCB), the nation's leading provider of financing to housing cooperatives and condominiums, originated through its subsidiar...

• Real Estate Weekly
• December 08, 2004

• Fcc Rule Covers Satellite Antennas ; Associations Are Limited in What They Can Prohibit

In the past decade, the growing popularity of satellite TV services has caused many owners of condominium and cooperative units to seek to install satellite antennas to serve their individual units. Although the boards of condominiums, cooperatives and other community associations often seek to regulate or even ban the installation of such exterior antennas, their power to do so is strictly limited by the Federal Communications Commission's complicated "Over The Air Reception Devices" rule. The FCC rule prohibits any community association rule, covenant or other restriction to the extent it "impairs" the installation, maintenance or use of specified antennas on property within "the exclusive use or control" of an "antenna user" who has a "direct or indirect ownership interest in the pro...

• The Record, Bergen County, NJ
• June 22, 2008